Will Mortgage Rates Drop in 2020?

Look at the chart below. You can see that at the end of July and the beginning of August – the days after the Fed announcement – interest rates dropped steeply to their lowest level since 2016. Mortgage rates followed as expected.

Mortgage Rates Update

Mortgage rates dropped in late July and early August and have held quite steady since then. What happened, and what’s likely to happen next?

Fed Cuts Rates, But That’s Not All

What I am saying is that yes, when the Fed cuts rates it can influence mortgage rates somewhat, but because of their other decisions we are about to see dramatic improvement in mortgage rates very soon.

Does the Fed Rate Cut Affect Mortgage Rates?

However, it is a little more complicated than that.  Mortgage interest rates are driven by the market, which responds to expectations of inflation.

Mortgage Rates Today

7/29/2019 | Casey Fleming | You have heard that mortgage rates have come down recently.  The question on many folks’ mind is how far they come down, why, and how long will it last?  Let’s start by looking at mortgage rates today. Mortgage Rates Are at a Three-Year Low Rates have fallen slowly but steadily...

Wither Interest Rates?

Where will interest rates go in 2019? Some heavy hitters have weighed in on this recently, so let’s take a look at a roundup of opinions from the smart people in the room.

Interest Rates and Inflation

10/16/17 | Casey Fleming | It’s been a while since I wrote about interest rates and inflation.  In the last six weeks rates have crept up about 0.250%.  Let’s talk about what happened. As you may recall, stocks and interest rates tend to move together most of the time.  This is because as stock prices...

Interest Rate Slide Continues

9/1/2017 | Casey Fleming  |  The last week of August brought us a continuation of the interest rate slide we’ve enjoyed this month, albeit with very small movement.  Last week I mentioned that this would be a busy week for economic reports.  The reports were mixed, as usual (see below) but a number of important...

Interest Rates Settle Down in August

I’ve written many times that interest rates jump up and settle down.  What I mean by that is that when news spooks the market investors and lenders immediately seek a higher yield to compensate for a sharp increase in perceived risk.  But when markets stabilize, competition invariably pushes interest rates down. August has given us...

Float Like a Butterfly – Mortgage Rates Looking for Direction

7/22/2017 | Casey Fleming |  Like a butterfly, interest rates fluttered around this week without actually really going anywhere, and looking forward still appear to be looking for direction. There is good news in this.  As I have said before, interest rate markets love certainty, and even though the last month has brought a very...