Scott Moore - Loan Officer at Prodigy Home Loans

04/11/2022

This past week, home loan rates touched the highest levels in three years in response to the same theme...inflation fears and forthcoming Fed rate hikes, and balance sheet reduction.

Brainard and Fed Minutes Move the Markets

04/05/2022

The US Treasury Yield Curve is Speaking. Last week, the 2-year Note yield briefly broke above the 10-year yield causing a yield curve inversion. Economics tells us if the yield curve inverts for a sustained amount of time, we could be headed towards a recession within the next 18 months. There are no recessionary signals sighted yet, but the yield curve is telling our Federal Reserve to be careful with rate hikes and tightening of financial conditions.

Tailwinds From Abroad

03/29/2022

The tough Fed talk hurt long-term rates like mortgages, this week. It remains to be seen if the Fed can act as tough as they talk. If you, a family member, or a friend is considering a mortgage, now is a great time as rates remain below the rate of inflation ... something that hasn't happened in nearly 50 years.

Rates Spike on Tough Fed Talk

03/23/2022

Welcome spring! Are you, or your family members looking to get into the home of your dreams? Reach out to me today to receive the right guidance and help to make that dream succeed!

03/14/2022

This week it is all about the Fed. A .25% rate hike is widely expected. What they say about future reinvestments into mortgage-backed securities and plan to reduce their balance sheet could create a sharp market reaction. The other elephant in the room - the Ukraine/Russia war lingers and unless resolved will make things tougher for the Fed to move forward with their hawkish plan of rate hikes and balance sheet reduction.

Rates Edge Higher as Inflation Expectations Rise

03/10/2022

Don't forget to change your clocks this Sunday!

02/28/2022

What will the Fed do later this year? Will inflation rise further and force the Fed to do more? Can the Fed really do more? These are all big unanswered questions that will not be figured out until time passes. Until then, expect high volatility and push/pull market action between a safe-haven trade (good for rates) and high inflation (bad for rates).

The Elephant in the Room

02/22/2022

When you combine the lumber inflation, additional supply chain-related costs, and the recent uptick in rates, the National Association of Homebuilders reports that nearly 7 out of 10 borrowers can't afford a new median-priced home. This is an unsustainable trend. Either rates must come down a little to provide relief or home prices must come down or a combination of both.

Three Reasons Why Rates Might Have Peaked

02/14/2022

Universal Lending is dedicated to finding you the right home on this Valentine's Day. Reach out to me today to find out how I can help you get into the home you love!

02/09/2022

Economic forecasters expect the sales season to start early as buyers try to get early offers in on homes to beat any mortgage rate increases. Competition on limited inventory is expected to remain fierce, which could push prices higher. — REColorado 2021 Year End Report

02/07/2022

The financial markets began February exactly where January left off - trading in a volatile fashion. After all the bouncing around, interest rates ticked higher week over week.

Three Things Moving the Markets