Home Mortgage with Bob Hoye NMLS # 368369

10/23/2026

The sharp rise in US treasury yields (and mortgage rates) over the last 2 months has already hit pending sales and existing home sales (both -7% MoM in Sept), and builder confidence (October's reading of 29 was the lowest index level seen in 14 years). Let's hope the Fed stays pat next week!

National news and local views for the week

10/09/2026

The BLS reported very weak job growth in September and a rise in the unemployment rate. But US Treasury Bond yields and mortgage rates still ROSE! Why? Last week, it was the resumption of US/Iran attacks. This week, we blame France.

National news and local views for the week

10/02/2026

The bond market meltdown continued, with 10Y US Treasury Bond yields moving above 5.25% and mortgage rates surging above 7%. This week, it was the collapse of US/Iran peace talks that renewed inflation fears. One bit of good news: the PCE inflation figures over the last year were revised lower after a necessary (and long overdue) methodology change.

National news and local views for the week

09/25/2026

The bond market had a meltdown last week, with 10-year US Treasury yields hitting 5.1% and mortgage rates continuing to move higher. Inflation continues to be the market's main concern, with several Fed members saying they thought more rate hikes would be necessary.

National news and local views for the week

09/04/2026

Will the Fed raise rates or stay pat on 9/16? The markets think it's a 50/50 call. Yet the latest ADP data was even weaker than the previous month, and inflation has been fairly tame. What could tip the balance? The CPI report coming out on 9/11.

National news and local views for the week

08/28/2026

Another week, another set of tame inflation (July PCE) and modest job growth (ADP weekly) reports. Despite this, several Fed members are saying it's time to raise rates. Question: How exactly would raising the Fed Funds Rate bring oil prices down?

National news and local views for the week

08/21/2026

On the one hand, the latest jobs (weak) and inflation (quite tame) reports could argue for lower rates from the Fed. On the other hand, after more saber-rattling in Iran, oil prices are trending up again, and the national debt rising above $40 trillion creates a longer-term concern about future US borrowing costs.

National news and local views for the week

08/14/2026

In a more normal market, a weak BLS jobs report followed by a tame CPI report would have resulted in lower US treasury yields and mortgage rates. But this isn't a normal market - mortgage rates only came down slightly.

National news and local views for the week

07/20/2026

Knowing your budget is the first step toward finding the perfect home 🏡. By looking at your income, monthly debts, and savings, we can figure out a price range that feels comfortable and realistic for you. I’ll guide you through the numbers so there are no surprises along the way. Ready to see what’s possible? Let’s run the numbers together!

06/26/2026

With the US/Iran peace process underway, oil prices have fallen back to pre-war levels, but mortgage rates remain high (due to concerns about the Fed's hawkish tilt). But inflation may have already peaked, and mortgage rates should follow inflation lower.

National news and local views for the week