Mortgage News
- New Home Sales on the Rise 4.3% in January February 24, 2021New home sales continued the turnaround, started in December, that ended three straight months of slowing sales. The U.S. Census Bureau and Department of Housing and Urban Development said newly constructed homes were sold in January at a seasonally adjusted annual rate of 923,000 units. This is an increase of 4.3 percent compared to the […]Jann Swanson
Mortgage Rates
- February Easily The Worst Month For Rates in Long Time February 22, 2021There are still 4 business days left in the month of February and thus still 4 days for the bond market to undergo an epic recovery that helps mortgage rates come back down. But traders and market-watchers alike have pined for--if not outright expected--such a recovery several times in the past few weeks only to […]Matthew Graham
- Time to Wake Up To The New Mortgage Rate Reality February 19, 2021There's no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We've never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close). All of the above makes it easy to get lulled into a false […]Matthew Graham