In 2008 Mortgage Industry largely caused the crisis that led to the Great Recession, in 2020 it’s a mere innocent bystander that is getting beat. All kinds of asset markets (Mortgage Bonds, Treasurys, Stocks, even Oil, and Commodities) are in an unprecedented, unchartered territory where the traders have no clue what to do with them. […]
The Fed on Sunday said it will begin buying $200 billion of mortgage-backed bonds, a move that will stabilize and likely lower mortgage rates, which moved sharply higher last week. Fed also lowered the Funds rate to zero. So, when can you see a 0% rate on the mortgage statement? Probably – never. And that […]
Mortgage rates went from ridiculously low to not-so-bad in just over a week. Everything that the media thinks should have happened to keep it at the ridiculously low level did happen. Fed cut rates by half a percent. Treasurys tumbled to levels never seen before and the stock market crashed to a point where the […]
The speed of residential construction has shot up over the past few months and is well in line to reach its best figures in over a decade. For a market that has been short on inventory for some time now, this is great news, especially with the spring season already calling on us. Mortgage Rates: […]
The mortgage market had reacted favorably to the Coronavirus threat. Now that the trend is reversing, we may see a partial correction in the mortgage market. It is nothing new. Global threats that loom suddenly bring about economic movements with it and just as soon as the threats disappear, the money movement returns to its […]
Triggered by very high consumer-debt levels, markets went into a tailspin in 2008. Back then, the debt figure was $13 trillion. Status Alert: the same figure is $14 trillion now. Fair to say, the lenders are getting a little fidgety. It is true that the demons of recession aren’t giving them nightmares yet but the […]
Consumer sentiment may rally from here based on multiple positive indices, near all-time-low rates, and the general good feeling that a new year brings. House constructions as well as number of homes sold are expected to pick up. While Americans are aware that the expansionary phase can’t last eternally, they are no more wary of […]
Phase One of the Trade deal isn’t expected to deliver a panacea. It, however, augurs well for the economy under pressure as the positive spin to the Trade War, augmented by stable inflation and decent job growth, is likely to keep nerves in check. January is a calm month. Everyone is willing to be in […]
A nation’s economy is affected by even the faintest geopolitical unrest but the fact that Trump has addressed any concerns regarding the Iranian fallout stabilizes our perception of the economy. So rates are not going on a tailspin, rest assured! The employment report for the private sector in particular may push the rates up and […]
ADAMS 1 Unit – $575,000 2 Unit – $736,100 3 Unit – $889,800 4 Unit – $1,105,800 ALAMOSA 1 Unit – $331,760 2 Unit – $424,800 3 Unit – $513,450 4 Unit – $638,100 ARAPAHOE 1 Unit – $575,000 2 Unit – $736,100 3 Unit – $889,800 4 Unit – $1,105,800 ARCHULETA 1 Unit – […]
