Newsletter
CTC Mortgage Weekly Newsletter
We post our weekly newsletter that outlines national and local mortgage trends. Tune in every Friday for updates on builder confidence, existing home sales, housing starts, mortgage rates, new home sales, and more! The newsletter covers all topics of the mortgage industry in concise, easy to read chunks.
After 2020, everyone is watching the market and mortgage rates a lot more closely. We gather the most newsworthy mortgage-industry events of the week and summarize them for you. The newsletter can cover everything from mortgage rates and builder confidence, to how the current political atmosphere is effecting the mortgage industry. For more predictions, statistics, and market trends, subscribe to get the newsletter delivered directly to your inbox below!
Mortgage Spam Calls and Mail
By ewilcox@ctcmortgage.com |
In this day and age where spam calls, robo dialing, and “I have been trying to reach you about your extended warranty,” are prevalent, we get a ton of questions about mortgage spam calls and emails. We want to arm our customers with the knowledge to protect themselves from spammers and identity theft, so here…
Read More One of the Biggest Paradoxes
By jjernigan@ctcmortgage.com |
One of the Biggest Paradoxes You’ll Ever See for Mortgage Rates No, this isn’t one of those click-bait headlines that promise to share “one weird trick” or proclaim “you’ll never believe what happened next.” Well, actually, some people might have a hard time believing this one. In the interest of respecting the time of those…
Read More What This Week’s Job Report Means for Rates
By jjernigan@ctcmortgage.com |
All eyes were on the big jobs report this week. Traders were anxious to see if it would be strong enough to accelerate the timeline for key policy changes that would greatly impact rates. The bond market and indeed many homeowners remember 2013’s taper tantrum all too well. For those who need a refresher, the…
Read More Highest Inflation in Decades
By jjernigan@ctcmortgage.com |
But Housing has a Bigger Problem Inflation is bad for interest rates and it’s at the highest levels in decades. But the housing market has a far bigger problem. Actually, it’s not hard for a problem to become bigger than rates right now considering we’re still at levels that would have been record lows at…
Read More What Are Rates and Housing Worried About?
By jjernigan@ctcmortgage.com |
In the past 2 weeks, there’s been big news about inflation and seemingly big news about Fed policy. Both are threats to low interest rates, but not just yet, apparently. So, what’s the worry? After taking last week’s huge inflation numbers in stride (read more…), the bond market moved on to focus on Fed policy…
Read More Big Inflation Scare
By jjernigan@ctcmortgage.com |
Rates Remain Resilient The 70’s and 80’s brought unforgettable economic lessons about inflation. Since then, certain market participants have been watching inflation like hawks, even when they didn’t need to. After the start of the pandemic, the massive amount of fiscal stimulus (covid relief bill) and monetary accommodation from the Fed (bond buying and rate…
Read More Rates Reacted to Jobs Report
By jjernigan@ctcmortgage.com |
…But Not Like You’d Expect Once a month, the government releases the Employment Situation, also known as “the jobs report.” No other piece of economic data is as consistently relevant for the bond market and, thus, interest rates. For most of the past year, the normal correlation between jobs and rates was on hold. That…
Read More Moment of Truth for Rates and Housing
By jjernigan@ctcmortgage.com |
This week’s 6.4% reading on Q1 GDP reinforced the notion of a strong economic recovery. In turn, the recovery helps to justify the sharp move higher in rates seen during the same 3 months. Rates managed to recover quite a bit in April, but ended up rising slightly this week, by some measures. Is the…
Read More 15-Year High For New Home Sales
By jjernigan@ctcmortgage.com |
15-Year High For New Home Sales, But Prices Are Flat. Here’s Why: Published April 26, 2021 This week’s New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and…
Read More Best 2 Weeks For Rates in Nearly a Year
By jjernigan@ctcmortgage.com |
The bond market has been pointing toward higher rates since last August. Mortgage rates were able to defy that trend at first, but finally began spiking in the new year. February and March were two of the worst back-to-back months in years. The higher rates went, the more likely it became that we’d see at…
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