The month of July saw rates bounce up from all-time lows immediately following a strong jobs report. Then we spent the 2nd half of the month waiting to see if rates would continue higher. Just when rates were calming down, the new jobs report is shaking things up.
Source: Kevin Litwicki Universal Lending
Strong Jobs Data Complicates Rate Outlook
Good News For Housing and Mortgage Rates
After last week’s disappointing construction numbers and rising rates, we could use some good news. This week provided!
Source: Kevin Litwicki Universal Lending
Good News For Housing and Mortgage Rates
Should We Worry About Slower Construction?
Several housing reports are out this week that increasingly paint a picture of construction lagging behind other housing metrics. Why are Existing Home Sales outshining Construction and should we be worried?
Source: Kevin Litwicki Universal Lending
Should We Worry About Slower Construction?
Have We Already Seen The Big Bounce?
Rates have enjoyed unprecedented stability near all-time lows following Brexit (UK’s vote to leave the EU) in late June. While mortgage rates are still reasonably close to those lows, other metrics suggest we may have already seen the big bounce.
Source: Kevin Litwicki Universal Lending
Have We Already Seen The Big Bounce?
The Real Reasons Mortgage Rates Can't Keep Up
Following The UK’s vote to leave the EU, headlines have been awash with “all-time low rates.” While that’s abundantly true for benchmark rates like US Treasuries, mortgage rates aren’t quite there yet–nor have they moved lower at the same pace. What’s up with that?
Source: Kevin Litwicki Universal Lending
The Real Reasons Mortgage Rates Can't Keep Up
Now That Brexit is Mainstream, Here's Something Even Bigger
As you may have heard, Brexit doesn’t happen instantly. In fact, it will take years before the UK finally sorts out its relationship with the EU. So why have rates gone lower and remained lower even as the initial panic subsides?
Source: Kevin Litwicki Universal Lending
Now That Brexit is Mainstream, Here's Something Even Bigger
Brexit Opens "All-Time Low Rate" Conversation
Last week, we discussed the reasons that Brexit would be a big deal for mortgage rates. This week, we see it was even bigger than imagined. But mortgage rates certainly have NOT flirted with all-time lows in the same way US Treasuries have. What’s up with that?
Source: Kevin Litwicki Universal Lending
Brexit Opens "All-Time Low Rate" Conversation
What's Brexit and Why Should You Care?
First there was “Grexit” and now there’s “Brexit.” What do these terms mean and why have they had such a huge impact on interest rates around the world?
Source: Kevin Litwicki Universal Lending
What's Brexit and Why Should You Care?
Are We On Our Way Back to All-Time Low Rates?
Despite strength in Stocks and oil, mortgage rates have surged back to 3-year lows as the Fed rate hike outlook grows dimmer. Could we see new all-time low rates any time soon and what would that mean for refi demand?
Source: Kevin Litwicki Universal Lending
Are We On Our Way Back to All-Time Low Rates?
Rates Surge Lower After Massively Weak Jobs Report
Last week was all about strong housing data. This week has been all about rates. Thanks to Friday’s awful jobs report, and a few supporting actors, rates are back in line with Mid-May levels!
Source: Kevin Litwicki Universal Lending
Rates Surge Lower After Massively Weak Jobs Report