Yesterday the Federal Open Market Committee raised their overnight borrowing rate 0.25% to 4.0%.  Long-term Bonds and Mortgage initially loved the announcement and mortgage pricing improved.  And then Chair Warsh…

It was 25 years ago today that two planes crashed into the Twin Towers in New York City. I was in my office in Orem that morning and one of…

Today’s one of those days that just plain sucks for interest rates. The Producer Price Index released this morning shows 0.4% growth MoM and 5.4% YoY. That’s obviously double the…

“Liar” is a strong word, so I hesitate using it to label anyone.  So maybe today’s Jobs Report published by the Bureau of Labor Statistics is using creative math (maybe…

After moving painfully upward over the last week to the highest levels all year, interest rates have hit the pause button this morning. After another weak employment report via Revelio…

Stocks end of the day about a half a percent lower than they started and mortgage bonds also lost a few basis points, while the 10 year treasury climbed .02%…

The annual Jackson Hole Economic Policy Symposium draws in all the nerds from around the world. From heads of state and central bankers to captains of industry and high-level quantitative…

Former Fed Governor Stephen Miran spoke out this morning against hasty rate hikes, stating that the full impact of Fed rate hikes and cuts are not usually felt for 12-18…

New Home Sales dropped 10.5% year-over-year to an annualized rate of 607K. Last summer there were 664K new homes under contract. Six months ago there were 641K, and three months…

Last week I posed a semi-rhetorical question as to how our paychecks disappear so fast. This week I thought I’d actually find out where the money’s going. And it’s no…

Oil prices are on the rise again, sending stock prices down and bond prices up. And there are two other factors that aren’t helping any either. The Philadelphia Fed Index,…

Piggybacking off of yesterday a little bit, NAR today reported that they also calculate that Pending Home Sales dropped 2.3% last month. That brings the year-over-year rate to a -2.2%…

Seems like only a few months ago that there were a record-low number of homes listed for sale.  Sellers saw multiple offers at top dollar. But we know that’s flipped…

Mortgage rates continue taking signals from changing oil prices and ongoing tensions in the Middle East. But they took a break from the last night’s kerfuffle to focus on the…