Mortgage Market Commentary, 05-15-21

By Lou Barnes on May 15, 2021 8:00:00 AM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

Inflation. On Wednesday came news that “core” CPI in April jumped almost one percent. The response is more important than the fact, but we’ll dissect both.

The immediate response fell into two groups: authentic alarm, and fake. The 10-year T-note has been in a trading range for two months, between 1.54% and 1.74%. Early on the morning of the CPI report, 1.62%, and then upon report-release quickly to 1.70%, many serious people expecting a blow-out through the top. The next day, on Thursday 10s tried again, and could not break 1.70%, not even close to the 1.74% range-top.

Continue Reading

Mortgage Market Commentary, 05-07-21

By Lou Barnes on May 7, 2021 2:50:23 PM

We are excited to partner with one of our favorite mortgage minds, Lou Barnes, to bring you his biweekly commentary. Lou is a loan officer in Boulder, CO, but his insight is relevant across the country. Lou's opinions should not be construed as the opinions of CENTURY 21 Redwood Realty or our partner, Day 1 Mortgage. 

We hope that you enjoy this series! Our good friends at Day 1 Mortgage are here to answer all of your mortgage needs. You can reach them at 888.973.0624 or online at Day1Mortgage.com

The world is so full of surprises, although not necessarily accurate data. April job creation reported today was one-third of forecast, the biggest numerical miss ever.

First, data and rates, a little Covid, then politics in two ways -- infrastructure, and taxes on housing.

Continue Reading

Lists by Topic

see all

Posts by Topic

see all

Recent Posts