Until lenders work through the surge in their pipeline, we won’t see lower mortgage rates. In my experience, this will take at least a month, possibly as long as three.
Interest Rates Plunge – Is There a Bottom?
Interest rates plunged over the last two weeks. The 10-year bond has never been this low in history. Margins have never been this high for lenders. Lenders are changing their pricing multiple times each day. We are in completely uncharted waters. What happens now? To be honest, we can only guess.
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...
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...