What will happen to mortgage rates? Analysis of Fed moves, productivity and consumer data that point to the next change.
The Federal Reserve just raised interest rates .5% as expected. The market originally rallied and then plummeted 5% the next day. The fed made a colossal error and the stock and bond markets are not buying their guidance. What did the fed say at the meeting that...
The swiftness of the changes in the real estate market are astonishing, yet not unexpected. I predicted last year mortgage rates would top 5% and they already have come close. This has led to a 60% drop in refinances and a sharp reduction in sales. What do these...
Investor Peter Boockvar, the chief investment officer at Bleakley Advisory Group, is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies which have stimulated so much demand that the supply side can’t keep up. What...
U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months. Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record. Just 30% of all consumers cited favorable home...
If you have been tracking interest rates in the mortgage market, your head is likely spinning. Mortgage rates hit a record low of 3% less than a week later rates have risen again. What is causing the drastic swings? Is now the time to lock in or refinance? What did...
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