WFG News
February 20, 2015

Greek Band-Aid intercepts interest rate drop

Long-term Treasurys are sliding down in yield again, holding low-fee mortgages in the high-threes. This improvement has been caused by several things, all reinforcing each other, and is likely to continue. However, in the background lies an enormous contradiction that is clearly troubling long-term markets. First things first. Way back…
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WFG News
February 3, 2015

Shout out to the FTC, and the listings chess game

This is chess, not checkers Lots of very smart people are scrambling to figure out the changing dynamics of online real estate listings and advertising. The end of the ListHub deal with Zillow has muddled the situation as Z furiously cuts deals with individual MLSs as the clock runs out…
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WFG News
February 2, 2015

Declining oil prices: boon or bane for real estate?

Most Americans are thrilled by the 50 percent reduction in prices at the gas pump. The strong U.S. dollar also helps our purchasing power for products manufactured outside the U.S. The real question is to what extent these shifts will positively or negatively affect the real estate industry. No matter…
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WFG News
January 30, 2015

Fed affirms plans for rate liftoff, but mortgages are another story

First the facts, then the ponderables. Long-term U.S. interest rates fell again today, now to a 20-month low. The 10-year T-note broke through the 1.7 percent prior low to 1.66 percent, down from 1.85 percent on Monday and from 2.3 percent in Christmas week. Meanwhile, on Wednesday the Fed affirmed…
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