Lawrence Yun’s Post

Mortgage Rates Now Lowest in Nearly 2 Weeks. As the broader market continued rubbing its eyes in disbelief over the Fed's exceptionally calm attitude on inflation, bonds continued to improve today.  Stronger bonds mean lower rates.  The average mortgage lender was able to drop rates to the lowest levels in nearly 2 weeks--just a hair above March 11th... More here - https://lnkd.in/g-CpdNKE

Mortgage rates edged down today on the Fed news. Even though the Fed kept the Fed Funds rate steady it announced it will significantly curtail its quantitative tightening (QT) program. This is putting downward pressure on mortgage rates. Check out Blue Square Mortgage rates to see what that would look like for your specific scenario. https://lnkd.in/gjzrm4bi

Fed "Held Rates Steady," But Mortgage Rates Improved. The rate market was intently focused on today's announcement from the Federal Reserve.  While many news headlines emphasize the Fed "holding rates steady," but that's not what the bond market was focused on.  Because mortgage rates are determined by the bond market, that meant they were free to move even... More here - https://lnkd.in/g4bsuhTS

Don't Miss This... What’s the Latest with Mortgage Rates? Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn’t happen — at least, not yet. Mortgage Rates Are Still Expected To Drop This Year While it hasn’t happened yet, that doesn’t mean it won’t. Even Jerome Powell, the Chairman of the Fed...

Rates Currently Trending: Neutral Mortgage rates are moving sideways today. The MBS market improved by +1 bps yesterday. This was not enough to decrease mortgage rates or fees. The market experienced moderate volatility yesterday. Today's Rate Forecast: Neutral Housing: Weekly Mortgage Applications were up a big 9.9% after the holiday break. Refinances were up 18.8% (were down -18.1% during Christmas break) and Purchases were up 5.6%. The Fed: Today we will hear from NY Fed President John Wiliams at 3:15 pm ET. Treasury Auction: We have a very important 10 year note auction at 1 pm. Today's Potential Rate Volatility: Neutral This morning markets are moving sideways. Volatility has started moderate with a potential increase on the treasury auction.

Fed "Held Rates Steady," But Mortgage Rates Improved. The rate market was intently focused on today's announcement from the Federal Reserve. While many news headlines emphasize the Fed "holding rates steady," but that's not what the bond market was focused on. Because mortgage rates are determined by the bond market, that meant they were free to move even... More here - https://lnkd.in/gAPrHU8E

Why Mortgage Rates Went Up Despite Fed Rate Cut | Bond Market Explained In this video, we break down the surprising reason mortgage rates went up after the Federal Reserve cut interest rates. Most people assume that when the Fed cuts rates, mortgage rates should follow suit, but here’s the twist—it’s the bond market that holds the real power. Watch the full video here: https://lnkd.in/gQFypmdk

What’s the Latest with Mortgage Rates? Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn’t happen — at least, not yet. Mortgage Rates Are Still Expected To Drop This Year While it hasn’t happened yet, that doesn’t mean it won’t. Even Jerome Powell, the Chairman of the Fed, says they still plan...

What’s the Latest with Mortgage Rates? Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn’t happen — at least, not yet. Mortgage Rates Are Still Expected To Drop This Year While it hasn’t happened yet, that doesn’t mean it won’t. Even Jerome Powell, the Chairman of the Fed, says they still plan...

What’s the Latest with Mortgage Rates? Recent headlines may leave you wondering what’s next for mortgage rates. Maybe you’d previously heard there were going to be cuts this year that would bring rates down. That refers to the Federal Reserve (the Fed) and what they do to their Fed Funds Rate. While cutting, or lowering, the Fed Funds Rate doesn’t directly determine mortgage rates, it does tend to impact them. But when the Fed met last week, a cut didn’t happen — at least, not yet. Mortgage Rates Are Still Expected To Drop This Year While it hasn’t happened yet, that doesn’t mean it won’t. Even Jerome Powell, the Chairman of the Fed, says they still plan...