In the Mortgage World, when momentum stops, it's because there's a force pulling in the opposite direction. And momentum has stopped. Rates are no longer falling.

In the Mortgage World, when momentum stops, it's because there's a force pulling in the opposite direction. And momentum has stopped. Rates are no longer falling.

Mortgage rates have been stupid-low lately, sparking the start of a Refi Boom. Here's a 96-second video in which I cover low rates, rate locks, and home sales.

Mortgage rates have been stupid-low lately, sparking the start of a Refi Boom. Here's a 96-second video in which I cover low rates, rate locks, and home sales.

Mortgage rates have been stupid-low lately, sparking the start of a Refi Boom. Here's a 96-second video in which I cover low rates, rate locks, and home sales.

When mortgage rates are this low, the hard part of a refinance isn't locking the low rate. Low rates are easy to lock. The hard part is closing on the low rate before its rate lock expires. In this case of Life Imitating Art, learn from Lucille Ball about getting ahead of underwriting and closing on-time, without rate lock extension fees.

When mortgage rates are this low, the hard part of a refinance isn't locking the low rate. Low rates are easy to lock. The hard part is closing on the low rate before its rate lock expires. In this case of Life Imitating Art, learn from Lucille Ball about getting ahead of underwriting and closing on-time, without rate lock extension fees.

As I told Bankrate.com, "It's been three weeks with no change whatsoever. Rates have troughed. Increases are ahead." Mortgage markets can't seem to break through resistance. It's signal that higher rates are coming.

As I told Bankrate.com, "It's been three weeks with no change whatsoever. Rates have troughed. Increases are ahead." Mortgage markets can't seem to break through resistance. It's signal that higher rates are coming.

The majority of headlines call June's Housing Starts data a disaster. I respectfully disagree. For home buyers of new homes, and home sellers of existing homes, the data is actually quite favorable.