It’s been all over the news in October, and before then in February: rising rates are causing heavy stock losses! The bigger the stock losses, the more rates get blamed. To some extent, and for some investors, that may be true, but it sure wasn’t true this week.
Source: Kevin Litwicki Universal Lending
Here's Why You Can't Trust The News When it Comes to Stocks and Interest Rates
A Few Great Reasons Not to Lose Hope in Housing and Rates
Times are tough, or at least tougher than they have been for the housing and mortgage markets. Rares are at 7 year highs, and home sales/prices are noticeably cooling. 2008 taught us to fear the worst at times like this, but there are some good reasons you probably shouldn’t.
Source: Kevin Litwicki Universal Lending
A Few Great Reasons Not to Lose Hope in Housing and Rates
Interest Rates Don’t Go Up In a Straight Line – Here’s Why
If you’ve been anywhere close to the housing market over the past few years, you know mortgage rates have been rising. Last week brought one of the sharpest increases in years even as rates were already pushing long-term highs. Now this week’s massive stock sell-off dropped in to remind us that rates don’t always rise in a straight line.
Source: Kevin Litwicki Universal Lending
Interest Rates Don’t Go Up In a Straight Line – Here’s Why
Rates Surged to 5% This Week. Is There Any Hope?
For the first time since early 2011, the average mortgage lender is quoting conventional 30yr fixed rates of 5.0%. This happened fairly quickly too, with 0.25% of the increase seen in the last 3 days of the week. What’s causing all this drama and is there any hope that it will subside?
Source: Kevin Litwicki Universal Lending
Rates Surged to 5% This Week. Is There Any Hope?