Do you ever wonder where interest rates are headed? I do.  Not only is it my job to be in touch with those things, but it’s probably the single most frequently asked question I get: “What do you think rates are going to do?” The honest answer I give is, [...]

Well?  They did it again.  Last week, the Federal Open Market Committee voted to increase the Federal Funds Rate, much to the surprise of practically no one. What may have surprised you was that mortgage backed securities, which determine mortgage rates, and US Treasuries rallied on the news, driving rates [...]

What does retirement mean to you? I consider myself pretty fortunate to really enjoy what I do, and make a reasonable living doing it.  By some measures, a great living.  Nevertheless, I’m not sure I’ll ever be able to “retire” in the true sense of the word. Fortunately for me, [...]

Happy New Year! Wow.  Another one in the books.  Is it just me, or do the years seem to pass by faster each time?  As to mortgage rates, take a look at this snapshot of recent activity: That’s what the average 30yr fixed mortgage rate has done, in the wake [...]

Happy Halloween! Scared of an interest rate hike?  Not sure we need to be. The markets seem to think the Federal Reserve Open Market Committee is going to raise the Federal Funds Rate at their December meeting, like last year.  And, they very well may.  It seems even the thought [...]

What’s going on with mortgage rates? Basically?  We’ve been range-bound for the better part of two years, bracketed on the lower side at about 3.625%, barely a sliver above the lowest rates in history that touched about 3.375%.  And, on the high side, high being a relative term, at about [...]