The Truth About Mortgage

With fixed mortgage rates still quite high compared to recent years, and ARMs finally providing a decent discount, you might be starting to look beyond the 30-year fixed. The problem though is you’re probably still concerned that interest rates could skyrocket and that your ARM will adjust way higher in the future. That’s always a… 

Welp, the month of May is fully in swing and mortgage rates are doing what they normally do; go up! Despite spring being peak home buying season, mortgage rates are often the most expensive during this time of the year. This is historically speaking and can vary from year to year, but so far it’s… 

You would think with oil remaining around $100 per barrel and yet another jobs report beat that we’d have higher mortgage rates. Instead, they’re continuing to fall and extending a nice little rally this week. It seems odd on the surface as both inflation from higher oil prices and hot jobs tend to lead to… 

It appears the mortgage rate rally of the past couple days is running on fumes. I was skeptical of it to begin with, given it was mostly based on a single article claiming we were close to a peace deal. That led to a big drop in oil prices and corresponding drop in bond yields,… 

There was yet another twist in the ongoing conflict in the Middle East today. Renewed hope of a deal after President Trump said, “Great Progress has been made toward a Complete and Final Agreement with Representatives of Iran.” That was yesterday afternoon though, and his latest Truth Social post carried a much different tone. In…