Colin Robertson

AS rooms with a view go, my vista from the seventh floor of Gary Neville’s Hotel Football is hard to beat. Well, for a Manchester United fan anyway. From here I can almost reach out and touch the l…

Each month, Fannie Mae releases a forecast for home prices, sales, and mortgage rates, among other things. Between September’s report and October’s, they raised their estimate for the 30-year fixed a staggering 80 basis points (0.80%). The unusually large move reflects just how bad mortgage rates had it over the past month and change. But… Read More »Fannie Mae Ups 2027 Mortgage Rate Forecast to 7.5%

Mortgage rates are a little better today, but it might not be worth celebrating. The reason isn’t great, as it typically isn’t. This time it’s pending home sales, which just hit a fresh record low going all the way back to 2001. That pushed bond yields lower on the day, which will translate to slightly… Read More »Mortgage Rates Move Lower Thanks to Record Low Pending Home Sales

Mortgage rates aren’t doing a whole lot of anything today, and that could start to become the problem. Bond yields are mostly flat, which leaves the 30-year fixed mortgage hovering around 7.375% or so. While rates have come down from recent highs of 7.625%, it’s clear from the pending home sales report that the housing… Read More »Stuck Mortgage Rates Starting to Hurt the Real Estate Industry

IT’S the question on everyone’s lips: will the riots that ripped apart France happen over here? Will our own angry and directionless youth — one million Neets and counting — kick in the windo…

Well, once again it is the AI trade leading to lower mortgage rates. It seems to be the only thing working when it comes to getting mortgage rate relief lately. Of course, it comes at the expense of prospective home buyer’s stock portfolios. And if you check your stocks daily and see that you’re all… Read More »Tech Stock Selloff Leads to Mortgage Rate Plunge

Bonds had one of their best days yesterday in more than three years. The 10-year yield plunged nearly 20 basis points, its biggest one-day drop since March 2023, even falling below 5% in the process. You’d think mortgage rates would’ve had a stellar day as well, since the two move in relative lockstep. Instead, rates… Read More »Mortgage Rates Back on the Rise After Biggest Bond Rally Since 2023

Mortgage rates are a touch better to start the week, moving back toward their best levels in a month. The 30-year fixed is averaging close to 7.375%, down from recent highs of 7.625%. While not great, it could be worse and there’s still hope rates can inch closer to the high 6s before the midterms.… Read More »Mortgage Rates Holding Onto Recent Improvement Heading Into Fed Week

SOMETIMES you learn a fact and it makes you feel incredibly stupid because, once you hear it, it feels so damn obvious. It happened to me this week when I discovered that the age of consent in the …

Mortgage rates remain flat today, still hovering around 7.375% or so for the 30-year fixed.