One of These Three Things Have to Go Wrong For Lower Rates

One of These Three Things Have to Go Wrong For Lower Rates

There are three things that could happen which would send mortgage rates lower. First, Bond Yields could fall to record low levels. Bond Yields are a reflection of the economic and inflation outlook. If the economic outlook is bleak, mortgage rates will fall further...
Stock Drubbing Reinforces Low-rate Outlook

Stock Drubbing Reinforces Low-rate Outlook

Stocks have surged since March, but today, they lost some of their optimism. The S&P 500 dropped nearly 6%. Oil dropped 9% as well. Meanwhile, credit spreads have mostly returned to normal after a bit of panic in March. This is good news for mortgage shoppers, as...
Mortgage Deferral Warnings

Mortgage Deferral Warnings

Mortgage deferrals are not supposed to have any impact on one’s credit. However, they can be a red flag. The lender, as a result, may ask for troublesome documentation or even decline you if you have other red flags. Therefore, it is always critical to be...