As expected, the Fed left rates unchanged this week, though there was an outside chance they were going to raise 25 basis points. It turned… Read More »Trump Says Warsh Wants Lower Interest Rates, But Has a Political Board
There’s an argument floating around that if the Fed hikes rates, long-term rates will move lower. That includes things like 30-year fixed mortgage rates, which… Read More »Do Mortgage Rates Need a Hike to Move Lower?
There are alarm bells ringing that mortgage rates are going back to 7%. I’m seeing articles, I’m hearing from housing doomers. Everyone seems to think… Read More »How Mortgage Rates Avoid a Return to 7%
It only seemed like a matter of time and that time is apparently now. The 30-year fixed reached a fresh 52-week high today, rising to… Read More »Mortgage Rates Hit New 52-Week High
It’s a very light week of data with only weekly initial jobless claims on Thursday and flash U.S. services PMI on Friday. The dearth of… Read More »Light Data Week Means Mortgage Rates Will Be Dictated by Middle East
It was a good week for mortgage rates thanks to tame inflation data. I use the phrase “good” loosely because mortgage rates didn’t really come… Read More »Mortgage Rates Spared by Tame Inflation Data, But Will Likely Hit New 52-Weeks Highs Soon Anyway
Just as mortgage rates threatened to reach their highest point since the Iranian conflict began, they were granted a reprieve. This time, it was a… Read More »Mortgage Rates Saved by Coolest Inflation Report Since 2020
After a series of strikes and escalations in the Middle East, it appears mortgage rates might soon match the highs seen since the war began.… Read More »Mortgage Rates Look Headed Back to War Time Highs
It’s been a rough week for mortgage rates, which are reeling thanks to new aggressions in the Middle East. The ceasefire that began on June… Read More »Despite Headwinds, Odds of a 7% 30-Year Fixed in 2026 Are Super Low
Welp, I’ve been saying the conflict in the Middle East could have another twist in the tale. And here we are, with a fragile ceasefire… Read More »Just When You Thought 7% Mortgage Rates Were Off the Table
