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Latest News Author: Jordan Reed

Rates Go on Vacation

Last Week In Review: Rates Go on Vacation Longer-term U.S. interest rates, including home loan rates, remain on the rise. The big story of the week is Fed Chair Jerome Powell on Capitol Hill to provide his real-time assessment of the economy and rates while attempting to "sell" the notion that higher inflation will not […]

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Three Things to Know This Week

Last Week in Review: Three Things to Know This Week Longer-term U.S. interest rates, including home loan rates, increased sharply this past week, touching pre-COVID levels. Let's break down the cause and effect as well as some other stories affecting housing. January Retail Sales Highlight Pent up Consumer Demand Retail Sales is a monthly report […]

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Three Things the Fed Said

Last Week in Review: Three Things the Fed Said This past week, the Federal Reserve held their first meeting of 2021 and shared its thoughts on the economy, inflation, and interest rates. Below are three important takeaways for the mortgage/housing world and overall economy: 1. "In terms of tapering, it's just premature." Fed Chair Jerome […]

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Yellen for More Stimulus

Last Week in Review: Yellen for More Stimulus This past week, we watched stocks soar to record highs as Treasury Secretary nominee, Janet Yellen's Senate confirmation began. Ms. Yellen is being embraced by the stock markets because: She is well known, having been Fed Chair for several years. Having been Fed Chair, she knows the […]

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Rates and Inflation on the Rise

Last Week in Review: Rates and Inflation on the Rise The Federal Reserve has been very clear on their communications over the past 18 months. They want to see inflation run hotter before even thinking about raising interest rates. And when we say interest rates, the only interest rates the Fed can control are short-term […]

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Inflation - The Problem and Opportunity

Last Week in Review: Inflation – The Problem and Opportunity This past week we watched stocks and rates move higher with the former hitting all-time highs and the 10-year yield crossing above 1.00% for the first time since March. At the same time, mortgage-backed securities (MBS) traded lower, causing home loan rates to tick up […]

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The Fed and the Unsaid

Last Week in Review: The Fed and the Unsaid Last week stocks climbed to all-time highs, and rates were able to hold steady near all-time lows. The big news of the week was the Fed Meeting. It is important to follow Fed activities as they are the most powerful central bank on the planet, and […]

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To Stimulate or Not to Stimulate

Last Week in Review: To Stimulate or Not to Stimulate Last week, a few market-moving events caused turbulence in the financial markets. Stocks and rates bounced up and down before heading into the weekend at elevated levels. The Dow Jones Industrial Average hovers near 30,000 and the 10-Year Note Yield near 1.00%. Here are three […]

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Three Market Movers This Past Week

Last Week in Review: Three Market Movers This Past Week 1) Stimulus Talks Are Back The big news this past week was the renewed stimulus talks and the "chance" that we may see a $900 billion stimulus bill included in the government funding package this month. Up until now, both political parties have been unable […]

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Tug-of-War at Play

Last Week in Review: Tug-of-War at Play The Tug-of-War Continues Stocks, Bonds, and rates are responding to the tug-of-war playing out between vaccine hopes and the rise in COVID-19 cases, along with additional lockdowns. Pfizer was out this past week saying its vaccine has a 95% effectiveness rate. Moreover, the firm says they will have […]

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