Mortgage Blog

1. Housing Starts are improving. This is especially true for single-family homes, which have risen for five consecutive months. This trend suggests anticipated buying demand.

2.The labor market remains strong. Rates don't buy homes, jobs do. 50+ year low unemployment at 3.6%, coupled with rising wages makes for a wonderful housing backdrop.

3. Low home loan rates for longer than most expect. Rates don't buy homes, but they definitely help more people participate in buying a home. With inflation running beneath the Fed target of 2.00% for the foreseeable future, there should be no upward pressure on home loan rates.

But still do not expect the mortgage rates goes back to the Sep/Oct range any time soon. The main reason is we do not see a recession on the horizon.