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!
Victory For Rates; Hope For Housing Inventory?
By jjernigan@ctcmortgage.com |
2021 hasn’t been a great year for mortgage rates–at least not as far as their trajectory is concerned. But that could be changing. Even if things don’t get any better from here, the past 3 weeks are collectively the best we’ve seen since January. Mortgage rates are primarily driven by day-to-day movement in the bond…
Read More Who’s Lying About The Housing Market?
By jjernigan@ctcmortgage.com |
The housing market is heating and cooling at the same time, depending on the data in question. Who’s telling the truth? Actually, maybe everyone… According to home price appreciation, the market is on fire. FHFA and Case Shiller (2 of the main home price reports we follow–both updated this week) differ slightly in their historical…
Read More Rates Catch A Break
By jjernigan@ctcmortgage.com |
Will It Last? What’s The Impact On Housing? The biggest story for the mortgage and housing market so far in 2021 has been the big spike in mortgage rates. It has been more abrupt and covered more ground than all but the worst historical examples. That said, it was always going to happen when the…
Read More More Mortgage Drama
By jjernigan@ctcmortgage.com |
– Especially for Investment and Second Home Loans Most of this week’s mortgage rate coverage focused on a fairly gentle increase of 3.05 to 3.09 for the average 30yr fixed. That number comes from Freddie Mac’s weekly rate survey, which is one of the only games in town when it comes to capturing a broad,…
Read More Highest Rates In A Year
By jjernigan@ctcmortgage.com |
… Big Drama For Investment Property Homes Rising rate headlines are nothing new, but there was a bit of a double whammy this week… or triple, depending on your point of view. Whammy 1: Highest Rates in a Year It’s March 2021, and you’d now have to go back to March 2020 to see higher…
Read More Rates Rising Relentlessly, But Why?
By jjernigan@ctcmortgage.com |
When Will They Stop? Interest rates can’t seem to catch a break. February was one of only a handful of months in the past 2 decades that resulted in a 0.50% mortgage rate spike. Despite hopes to the contrary, March isn’t off to a great start either. Paradoxically, this rate drama means everything is going…
Read More Brutal Week For Rates
By jjernigan@ctcmortgage.com |
… But There’s Hope (Hopefully) Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We’ve certainly been discussing it in recent newsletters (especially last week’s). The rising rate narrative hit the mainstream this week as it was widely credited for…
Read More Time To Wake Up
By jjernigan@ctcmortgage.com |
Time To Wake Up To The New Mortgage Reality Published February 22, 2021 There’s no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We’ve never seen so many new record lows in the same year, and we never spent as much time at those lows (not even close).…
Read More Yes, Mortgage Rates Are MUCH Higher This Week
By jjernigan@ctcmortgage.com |
Volatility has returned to the mortgage market in grand fashion this week with many lenders quoting rates that are as much as a quarter of a point higher than they were last week. That means if you were looking at something in the 2.75% neighborhood on Friday, it could be 3.0% today. What gives? The…
Read More Mortgage Market and Rising Rates
By jjernigan@ctcmortgage.com |
When Will the Mortgage Market Actually Care About Rising Rates? There’s an obvious trend toward higher rates as far as Treasury yields are concerned. This goes all the way back to August. Treasury yields and mortgage rates historically correlate quite well. But mortgage rates have almost completely ignored that correlation recently. In fact, most of…
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