Interest Rates Jump – What’s Next?

A surprisingly strong jobs report on Friday got a lot of media attention for pushing interest rates up, and interest rates did indeed take a bit of a jump up on Friday. But if you take a look at the chart below you’ll see they’ve actually been rising sharply for two weeks. We can ask...

Will Home Prices Jump in Five Years?

It’s not too hard to guess at the general direction of home prices in the near term. In the San Francisco Bay Area, for instance, with low inventory, a huge surplus of buyers with great salaries and stock options, and multiple bids on almost every property, it’s safe to say home prices are still going...

Opinion: How J.P. Morgan and Barclays mistakes inflated the housing bubble

If you’ve read my blog very long you know I have strong opinions about how the housing bubble came about.  Of course there are many different opinions about this.  Marketwatch published an interesting opinion piece this morning that highlights a recent study done by a finance professor from Texas.  The findings confirm what I’ve been...

How Will the Feds Raise Rates?

The first thing that might jump out at you about this headline is I did not ask “When will the Feds raise rates,” but “How.” Interest rates are going to rise sharply, and fairly soon. But it’s not why – or when – the radio ads would have you believe. You’ve probably been hearing lots...

Head of the CFPB in Jeopardy?

I saw this in Mortgage News this morning and simply could not resist: A lot of mortgage professionals think that the director of the Consumer Financial Protection Bureau is putting the industry in jeopardy. Looks like he’s giving himself the same treatment Wednesday. CFPB Director Richard Cordray will appear on Jeopardy! Wednesday. Cordray was an...

Fed Considers Future of Quantitative Easing

The Federal Open Market Committee (FOMC) released minutes from its January meeting on Wednesday, as it generally does three weeks following the meeting.

What’s Ahead For Mortgage Rates This Week : February 4, 2012

Mortgage rates worsened last week amid evidence of an improving economy.

Breaking Down The Federal Reserve Statement (January 2013 Edition)

The Federal Reserve's Federal Open Market Committee (FOMC) voted to maintain the Federal Funds Rate within its current range of zero to 0.25 percent

What’s Ahead For Mortgage Rates This Week : January 28, 2013

Mortgage rates rose last week as investors gained confidence in the global economy