Mortgage Blog

The stock market rally is not helping home loan rates

On this day in 1803 President Thomas Jefferson requested funding from Congress for the Lewis and Clark expedition.  The funding package was for $2,500 in 1803 dollars which equates to $52,252 in today’s dollars.  Any guesses as to whether or not our current government could accomplish the same feat as cheaply? Government expeditions aren’t the […]

US 10-year treasury breaks 2.50%, mortgage rates at risk of moving higher

I warned in yesterday’s post (see HERE) that, “if the yield on the US 10-year treasury note breaks through 2.50% then watch out. I would expect mortgage rates to worsen by another .125%-.25%.” This morning yields have broken above 2.50% which is not a favorable sign for home loan rates. There are a variety of […]

A look ahead to 2018, will rates and home prices move higher?

Happy New Year!  Welcome to 2018.  Want to feel old?  Students in the class of 2018 that graduate from high school this year were born in 2000-2001.  They’ve never known Star Wars to be a trilogy or “rolled down a window”. Assuming home ownership rates remain similar then approximately 63% of them will purchase a […]

How words will impact mortgage rates this week

Mortgage rates essentially held steady last week despite the stock markets continued rally.  The Dow Jones Industrial Average has returned 23% year-to-date while the NASDAQ index is up 27%.  Despite those gains mortgage rates have held steady this year.  I expect they will likely increase by .50%-.75% in 2018. The job’s report Friday’s all important […]

Advancement of tax plan expected to pressure mortgage rates higher

If you’re looking for something to celebrate this week look no further.  On December 5, 1933 the 21st Amendment to the US Constitution was ratified effectively ending prohibition.  Fast forward to 2017, Oregon’s brewing industry contributes $4.49 billion to the state economy and directly/ indirectly employs over 30,000 people.  I can toast to that. Republicans […]