Although the first three weeks of the year weren’t inconsequential, investors were understandably eager to react to Trump’s first week in office. One of the most notable developments was a break higher for stock prices after weeks of stagnation. This had the unfortunate effect of pushing bond yields (aka “rates”) even higher.
Source: Kevin Litwicki Universal Lending
Rising Rates, Higher Prices, and Record Low Inventories
One-Two Punch: FHA Cut Reversed; Rates Move Higher
What a difference a week makes–especially for certain borrowers in the process of obtaining an FHA loan. Not only will they see the same rising rates that affected all loans this week, but they’ll also no longer benefit from the recently-announced cut in FHA mortgage-insurance premiums.
Source: Kevin Litwicki Universal Lending
One-Two Punch: FHA Cut Reversed; Rates Move Higher
Big Week: Mortgage Insurance Cut, Carson Confirmation, Rate Volatility
It was a big week for mortgage markets and an active week for rate movement. Most of it was good. Some of it was ominous. And one development was downright confusing.
Source: Kevin Litwicki Universal Lending
Big Week: Mortgage Insurance Cut, Carson Confirmation, Rate Volatility
Does "Dow 20k" Matter For Rates/Housing?
As the new year gets underway, news stories about the Dow Jones Industrial Average hitting the 20,000 level are hard to miss. Given that stocks spiked in concert with rates following the election, it’s fair to wonder how moves in the stock market might affect rates and housing.
Source: Kevin Litwicki Universal Lending
Does "Dow 20k" Matter For Rates/Housing?