What’s Going On? (April 15, 2020)

Over the past week, the economy and mortgage industry have seen multiple changes that many were not expecting. The biggest question right now remains: What we can expect to see over the next few weeks? In the video below we break down what has happened and what might happen next as a result. Our team […]

Housing and Forbearance (April 8, 2020)

This week the biggest unknowns we face include housing and mortgage forbearance. As a financial service company, our goal is to serve as a trusted resource to inform you and offer guidance as we venture into such uncharted territory. See below as we dive deeper into this week’s important topics. Housing Industry Over the last […]

Hopeful for Housing

With the current volatility of the market and uncertainty of how the industry will react, it is important to analyze data and understand what we are likely to face. Thankfully, past data shows that even in these dark times, the housing industry looks hopeful for the future. Check out this video for the current state […]

The Fed Saves Our Bacon

Last week the Fed committed $200 billion to buying mortgage-backed securities. They came out again last night and said they now plan on doing whatever it takes, which includes pumping in $50 billion each day this week. Watch the video below for more insight on what that means for the industry and rates over the […]

Fed cuts interest rates to 0% (March 16, 2020)

The Federal Reserve has cut interest rates to zero percent; however, this does not directly impact mortgage interest rates. Please watch the video for more context on refinancing and why we think we’ll see better interest rates in the future. If you would like for us to run a refinance analysis please submit your information […]

Mortgage Market Update March 9-13

March 9 The stock market is breaking down right now. It was halted for 15 minutes this morning if may close for the remainder of the day if stocks fall by 20%. There are expectations that we will see even more effects of the coronavirus on the state of the economy over the next several […]

Mortgage Market Update March 2-5

March 2 Citizens are starting to travel and go out less as the coronavirus has cases arising in the United States. There is talk that we could see travel restrictions and possibly the cancellation of March Madness. There is major threat of the coronavirus on the economy which leads to a possible recession over the […]

Mortgage Market Update February 24-28

February 24 Stocks and yields are going down. The DOW is down over 700 points to start off the week. The coronavirus is starting to spread outside of China which is very scary for economic trading. We are expecting to soon experience the lowest interest rates we have ever seen. February 25 Interest rates remain […]

Mortgage Market Update February 10-14

February 10, 2020 Quiet news week besides hearing from Fed Chairman Jerome Powell on Tuesday and Wednesday this week. Stocks start off with unchanged levels following a lot of change over the past few days. February 11, 2020 The National Federation of Independent Businesses (NFIB) released their optimism Index for January. They came out to […]

Mortgage Market Update February 3-7, 2020

February 3, 2020 Mortgage bonds started off slightly lower while the stock market picked up steam over the weekend. The coronavirus is still a threat as there are now more than 10,000 individuals infected and 360 people dead. Later this week we will get ADP employment and BLS job numbers later this week. The market […]