Mortgage Market Commentary, 09-17-21

By Lou Barnes on Sep 17, 2021 5:48:46 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

Next week, “game on” at the Fed — and while waiting, below are Democrats and taxes, French outrage, and the 10-year T-note.

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Mortgage Market Commentary, 09-10-21

By Lou Barnes on Sep 10, 2021 4:57:01 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

On the 20th anniversary of 9/11, thinking is a good idea, although we’ll be awash in each others’ thoughts and touching awful, walled-off spots.

Read about interest rates, the unavoidable decisions facing the Fed twelve days from today and its leadership. 

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Mortgage Market Commentary, 09-04-21

By Lou Barnes on Sep 3, 2021 4:17:08 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

At the end of this week we know less about the economy than last week, and the same goes for policy. So, below are the anti-clarity data, some other murk, and an appeal to study a back-to-the-future tool.

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Mortgage Market Commentary, 08-30-21

By Lou Barnes on Aug 30, 2021 12:10:42 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

Rate risk is tilted upward, now. Below... Powell and the Fed today, inflation thinking, and a little data.

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Mortgage Market Commentary, 08-20-21

By Lou Barnes on Aug 20, 2021 6:15:14 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

At the end of a week with no economic data of note, and long-term yields frozen, explore how rates can be so low, and... can’t stay away from it... Afghanistan. Strange places can have large and strange effects on markets.

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Mortgage Market Commentary, 08-13-21

By Lou Barnes on Aug 13, 2021 5:33:27 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

Here in the heart of the Silly Season, all media starved for news, below are interest rates, the new federal budget, eviction and unemployment, climate, and the improbable new location of massive marijuana farming.

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Mortgage Market Commentary, 07-30-21

By Lou Barnes on Jul 31, 2021 6:15:00 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

Rates. The 10-year T-note fell below 1.30% on Monday July 19 for the first time since February. Anomalies abound: in February 10s were screaming upward from 0.55% in August toward 1.75% in March, and passed through the 1.20s without a howdy-do. Since May rates have fallen without a pause, a long way without a reversal of some kind.

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Mortgage Market Commentary, 07-23-21

By Lou Barnes on Jul 23, 2021 3:55:06 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

Late July is the traditional beginning of the Silly Season summer drought of news, and desperate media running “Man Bites Dog!” stories.

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Mortgage Market Commentary, 07-16-21

By Lou Barnes on Jul 16, 2021 6:42:36 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 bond market may show signs of a bottom, the 10-year T-note unable to break below 1.30% despite Chair Powell’s insistence on Fed patience as-is.

Powell is fully aware that he is playing with fire, his own and the Fed’s reputation at risk along with the economy, and dissension is rising among Fed underlings. The bond market is sitting beside the same fire, but poised for the exit.

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Mortgage Market Commentary, 07-09-21

By Lou Barnes on Jul 9, 2021 4:44:01 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 bond market and interest rates in the last month have been a lesson in humility. The 10-year T-note crested at 1.75%, and since has done something which everyone knew -- absolutely positively -- could not happen. Yields fell. Yesterday to 1.28%.

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