I wrote the other day that the best way to get lower mortgage rates again is a peace deal. It’s pretty straightforward. Mortgage rates are only up these past few months because of the conflict with Iran. If we didn’t have that, we could very well still be at those juicy sub-6% levels today. Instead,… Read More »The Other Way Mortgage Rates Could Fall Is a Recession, But Maybe Not Without a Peace Deal Too
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We knew Rocket Mortgage and Redfin were going to roll out deals once they teamed up. And because the collective brand operates both the financing and real estate brokerage piece, home buyers can snag some big savings if they use both companies simultaneously. They just announced a new joint offer that provides home buyers with… Read More »Rocket and Redfin Join Forces to Offer Up to $20K in Home Buyer Savings
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It’s no secret mortgage rates are in a bad place right now. But instead of talking about that all day, let’s talk about how can they get better… Ultimately, the quickest path lower is a peace deal in the Middle East. Note that I said quickest, not easiest. It’s hard to sit here and say… Read More »How Can Mortgage Rates Go Down From Here?
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It’s been a very bad month for mortgage rates, yet they remain below year-ago levels. And by some margin too. Had this been last year, we’d be staring at a 7-handle 30-year fixed. Instead, the 30-year fixed is hovering around 6.75%. Sure, it’s still not great news, but it tells you that conditions are a… Read More »If Bond Yields Are at 52-Week Highs, Why Aren’t Mortgage Rates?
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