Some mortgage companies have generated buzz by advertising 30yr fixed rates of 1.99%. While it is possible to obtain such a rate, there is definitely a catch.
Source: Kevin Litwicki MBSLIVE
Mortgage Rates Are Not 1.99%. In Fact They're Back Over 3%
The Rate Also Rises
Years from now when scientists examine mortgage rates in July 2020, they’d be forgiven for coming to the conclusion that rates only ever move lower. As we’ve learned in the first week of August, rates also rise.
Source: Kevin Litwicki MBSLIVE
The Rate Also Rises
Should You Wait For Lower Rates?
Mortgage rates have fallen more aggressively than ever and they’ve been remarkably willing to set record after record. So is there any reason you shouldn’t wait for them to go even lower?
Source: Kevin Litwicki MBSLIVE
Should You Wait For Lower Rates?
How Low Can Rates Eventually Go?
A recap of this week’s housing/mortgage news with a focus on how low rates can eventually go. The answer is actually surprisingly simple
Source: Kevin Litwicki MBSLIVE
How Low Can Rates Eventually Go?
It's Time To Refinance (Again)
The current low rate environment is like nothing we’ve ever seen before. It’s easy to tune out the constant advertisements and news stories about “all-time low rates,” but this time around, the refinance process is very much worth investigating right now.
Source: Kevin Litwicki MBSLIVE
It's Time To Refinance (Again)
Mortgage Market Ridiculously Good or Just Ridiculous?
It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the housing and mortgage markets, one of the first major manifestations of the crisis was a quick move to incredibly low rates. With record after record being set in close succession, the mortgage environment has been ridiculously good for most homeowners. For others, it’s just been ridiculous.
Source: Kevin Litwicki MBSLIVE
Mortgage Market Ridiculously Good or Just Ridiculous?
Huge Housing Rebound, All-Time Low Rates, But At What Cost?
This week’s economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates pushed down to new all-time lows yet again. What’s the catch?
Source: Kevin Litwicki MBSLIVE
Huge Housing Rebound, All-Time Low Rates, But At What Cost?
Rates Are Headed Higher… Eventually
The housing market will bounce back and rates will move higher. The only question is “when?”
Source: Kevin Litwicki MBSLIVE
Rates Are Headed Higher… Eventually
The Great Debate for Rates, Housing, and Markets
Coronavirus hit markets with unprecedented force in March. Stock prices and bond yields sank. When the outlook grew less dire, markets began moving back in the other direction. As quarantine measures ease, fear surrounding a second wave of COVID-19 is pushing back on the recovery in markets.
Source: Kevin Litwicki MBSLIVE
The Great Debate for Rates, Housing, and Markets
Just When You Thought They Were Gone, All-Time Low Rates Are Back
Last week’s jobs report fueled hopes for a quicker economic recovery, thus putting upward pressure on rates. It was the scariest move since March, but things are looking much better this week.
Source: Kevin Litwicki MBSLIVE
Just When You Thought They Were Gone, All-Time Low Rates Are Back