Latest News Archives

Last Week in Review: Yellen for Higher Rates We watched long-term rates, like mortgages, improve slightly this past week despite a surprising comment from Treasury Secretary Janet Yellen. Let's break it all down and look at what's on tap for next week. "It may be that interest rates will have to rise somewhat to make […]

Overview Due to damage from severe storms, straight-line winds, and tornadoes in Alabama, FEMA has declared the following counties a disaster. Incident Period: March 25, 2021 - March 26, 2021 State FEMA Disaster Declaration Counties Alabama April 26, 2021 Bibb, Calhoun, Clay, Hale, Jefferson, Perry, Randolph and Shelby Re-Inspection by Product Type If your loan […]

Overview Due to damage from Severe Storms, Flooding, Landslides and Mudslides in Kentucky, FEMA has declared the following counties a disaster. Incident Period: February 27, 2021 - March 14, 2021 State FEMA Disaster Declaration Counties Kentucky April 23, 2021 Breathitt, Clay, Estill, Floyd, Johnson, Lee, Magoffin, Martin and Powell Re-Inspection by Product Type If your […]

Last Week in Review: No News is Good News In the absence of any meaningful economic reports this past week, we watched bond prices rise while rates inched lower. Oh yeah!!! Let us break down what is going on and look into this week as the boredom ends. The Path of Least Resistance Rates have […]

Last Week in Review: 3 Things the Financial Markets are Saying  When stocks rise, rates typically decline. When inflation moves higher, rates typically increase. As the economy reopens, rates will rise. Well, stocks rallied to all-time highs, inflation spiked, and the economy continues to reopen. However, rates improved to the best levels in a month. […]

Last Week in Review: Markets Cheer the Fed Minutes This past week the financial markets reacted to the Fed minutes from the March Fed meeting. Heading into the release last Wednesday, the markets were on edge for three reasons: Would the Fed signal tapering of bond purchases? Would the Fed hint that rates will be […]

Last Week in Review: Markets React to the American Job Pain This past week was filled with a lot of market-moving news for the mortgage and housing industry. By week's end, interest rates continued to stabilize, while stocks set new all-time highs. Let's break it all down: Enormous Government Spending on the Way On Wednesday, […]

Last Week in Review: Rates May Have Just Peaked... This Is Why We watched long-term interest rates improve nicely this past week from the highest levels in over a year. The recent chatter about higher inflation has cooled down, allowing other themes to come in and influence stocks and interest rates. It was mostly negative […]

Last Week In Review: The Fed Spoke and Bonds Didn't Listen This past week the Federal Reserve issued their monetary policy statement, as well as new forecasts on the economy, inflation, and rates. Despite all the soft talk on inflation and seeming lack of concern on higher prices ahead, the bond market was not buying […]

The Last Week In Review: Two Big Things Moving The Market The volatility in the financial markets continued this past week, and at the end of it all, home loan rates were pretty much unchanged. Let's break down two big things moving the markets. More, More, More 1. This past Wednesday, Congress passed a whopping […]