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Financial Literacy

1 min read

Rates drop a quarter of a percent

Rates plummeted with the 30-year fixed rate mortgage crashing down 25 basis points to 5.30%. The 15-year mortgage followed suit, dropping...

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Rates move 0.125% higher in one day

Rates moved up over the last five days. By now, the 30-year fixed rate mortgage is 23 basis points higher at 5.48% while the 15-year is...

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1 min read

Biggest 48-hour drop in over 10 years

In the past 48 hours, rates underwent the fastest drop since 2011 as investors sought more safe-haven assets. The 30-year fixed rate...

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1 min read

Million-dollar home sales on the rise

After the long weekend, rates have emerged mostly the same from where they were last week. The 30-year fixed rate mortgage stayed the...

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1 min read

Rates at 52-week high

Rates spiked on Monday, undoing much of their improvement from Friday. As it stands, the 30-year fixed rate mortgage is 23 basis points...

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1 min read

Rates move lower following July 4th weekend

Rates continued their downward descent Tuesday evening as stocks, in particular the S&P 500 and DOW, also fell. The 30-year fixed rate...

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1 min read

Rates mellow out after the Fed announcement

Rates have had time to cool off after last week’s spike. By mid-week, they were on the decline and as of today they are the lowest we’ve...

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1 min read

Baby Boomers hold on to their lion’s share of the housing inventory

Bonds rallied last week with news of Biden’s expansionary tax plan and assurances from Fed officials that they will maintain the same...

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2 min read

Will rates keep rising in 2021?

Rates had a lot of momentum the first week of January, even more so than in June when the refinance fee was first introduced. The 30-year...

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2 min read

An overview of 2020 (and sneak peek of 2021)

Despite some turbulence from year-end trading, rates continued their downward march. Interest rates on both mortgage products fell, with...

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