The Truth About Mortgage

While they aren’t at their absolute worst, mortgage rates remain very close to their one-year high. They’re about .125% below their 52-week highs, which were seen in late July before we got some favorable economic data. However, they remain stubbornly high with no real relief in sight. Let’s break down how they got here and… 

A lot of the recent uptick in mortgage rates has been attributed to the ongoing war with Iran. But there is perhaps another, lesser known reason mortgage rates have pushed back into the high 6s. And it’s all the artificial intelligence (AI) spending, which has arguably crowded out other investments, leading to higher bond yields.… 

The best way to sum up mortgage rates right now is any “good news” is simply stopping the bleeding. You’re not seeing sizable drops when positive stuff happens. And we’ve had a few decent things happen lately. All you’re really seeing is rates managing not to get much worse than they already are. And perhaps… 

Just as it appeared there was no relief in sight for mortgage rates, the Treasury Department stepped in. No, this isn’t QE all over again, and mortgage rates aren’t headed back to the 3s. Wishful thinking. But it is a way to boost liquidity in the bond market, which should help push mortgage rates a… 

It seems mortgage rates can’t catch a break lately. So maybe we need a Plan B.  Or rather, a Plan C! Have you ever heard of Inverse Cramer? Whenever Jim Cramer says something, the opposite tends to happen. It’s a powerful market signal. And he just said bonds keep dropping relentlessly, meaning their yields or…