Mark The Mortgage Guy

Mark The Mortgage Guy Mortgage Loan Originator - Specializing in Residential mortgages and Commercial lending.

08/27/2023

There was plenty of buzz ahead of Fed Chair Powell's Jackson Hole speech, but it was a bit of a let down for bonds. Next week, however, is one of the more critical weeks of this monetary policy cycle as it will go a long way in determining whether we've hit a ceiling or will continue hiking.

08/20/2023

At this point "high rates" are old news. We were already close to hitting the highest levels in more than 20 years last week, so it wasn't a huge surprise to achieve that dubious distinction this Thursday. Some sources see the record-breaking rate at just over 7% for a 30yr fixed while others are ov...

08/13/2023

This was supposed to be the week where a key inflation report would cast a vote on the fate of interest rate momentum. The vote was ostensibly friendly but rates surged higher anyway. What gives?

08/06/2023

Interest rates of all types have been under immense pressure since the beginning of 2022. That's when the Fed began raising rates at the fastest pace in decades to the highest levels in decades in order to combat a similarly fast-paced spike in inflation.

07/31/2023

It's no mystery that the housing and mortgage markets are facing their fair share of headwinds in 2023, but some blow harder than others.

07/23/2023

Inventory! That's been a buzzword for the housing market for more than a decade, but it's been especially prevalent in 2023 as the excuse for slower home sales.

07/16/2023

Mortgage rates spiked abruptly last week after several economic reports showed the economy doing better than expected. Now this week, key inflation data showed prices falling faster than expected. Rates responded with a full recovery.

07/03/2023

Mortgage rates have been hovering in the high 6's for weeks, but they broke above 7% on Thursday. At the same time, multiple news outlets reported a 30yr fixed rate of 6.71%. Who's lying?

06/25/2023

A majority of the housing market data on any given month tends to come out mostly on the same week. This was that week and the takeaway was that the housing market could be doing worse. Some might even argue that we're seeing some resilience relative to the rate landscape.

06/17/2023

Rates may not be as high as they were several months ago or as low as they were 5 weeks ago, but they're close enough to either boundary that the threat (or promise) of returning is palpable. For at least the past 2 weeks, we'd been waiting for this week's events to give us some sort of push higher....

06/03/2023

After dominating the news cycle for weeks, the debt ceiling issue is suddenly resolved and the bond market doesn't seem to care. The jobs report proved to be far more relevant, but with half of it indicating a much stronger labor market and the other half saying the opposite, who's telling the truth...

05/20/2023

The debt ceiling debate is all over the news, but it's a different ceiling is commanding more of the bond market's attention.

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