Thin Skin Mortgages

August 31, 2023 The average interest rate for a 30-year fixed-rate conforming mortgage loan has soared to 7.31%. That means borrowing costs are now at the highest level in 23 years, which has caused the demand for purchases to plunge to the lowest level in 28 years....

Bond Market’s Mirror Image

July 28, 2023 Bond Market’s Mirror Image According to the Congressional Budget Office, the U.S. government posted a $225 billion budget deficit for June, up 156% from a year earlier. This means, the first nine months of fiscal 2023 showed a deficit of $1.4...