John Lake's (johnlake2) Blog

We had a very busy week. I have a new word I have been using to describe the mortgage rate market WHIPLASH! The beginning of the week saw a nice rally in mortgage back securities. We actually saw rates come down. That movement was due to the war in Ukraine. Then Wednesday and Thursday happened, F...

Inflation is in the driver’s seat. We have seen mortgage interest rates continue to climb due to inflation. It was reported that year over year inflation is growing at a rate of 7.5%. Which means the cost of goods are allot more expensive this year than they were last year. The Federal Reserve ha...