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Rates have fallen over the last week and continue to trend lower…
As we head into the long, Thanksgiving Day holiday week and weekend, yes technically the markets are open, but there is not much trading or market moving that gets done this week. Fortunately, rates have fallen over the last week and continue to trend lower thanks to a lower 10-year Treasury yield, so that’s likely
Weekly Mortgage Market Update for Oct. 22, 2019
Have you started thinking about the holidays yet? Just thought I’d let you know Christmas is 64 days from today! Now that you’re freaking out about that…you won’t even notice that mortgage rates crept a little higher last week as we saw a bit of a reversal of the trend of lower rates we’ve enjoyed
Rates drift lower to levels not seen since October 2016, survey says.
Hope your week is off to a great start! Some good news here about mortgage rates…according to the latest survey of average rates released by Freddie Mac, both the 30-year and 15-year continued to drift lower last week to levels not seen since October 2016. Even with Friday’s stinker of a Jobs Report, unemployment remains
Could be bumpy ride in markets this week…here’s what’s happening
Yes, it’s been a bit of a bumpy road, but mortgage rates continued their trend lower last week, with the average rate for the 30-year mortgage even with the prior report, according to Freddie Mac’s weekly survey. Sam Khater, Freddie Mac’s chief economist commented that “The sound and fury of the financial markets continue to
Never too much of a good thing…except for this
So, what do you think? Is there ever too much of a good thing? I suppose there could be if you’re talking about margaritas and queso…but maybe not in the case of helpful housing and mortgage market news. Right?! That’s why, starting today, I’m creating for you a short, weekly market update (you asked for
Your Burning Questions Answered: How the Fed, US/China trade talks, and Jobs affect rates
Over the past few days, I’ve had more than a few people ask me about what’s happening to mortgage rates with all the major geo-political, economic, and Fed news floating around. So, I thought I’d break it all down for you and hopefully answer your questions and set you up for success if you are
Mortgages for the Rest of Us
Having a traditional W-2 income job is great for qualifying for a traditional mortgage but the truth is that it’s becoming more and more rare in our modern economy. And fortunately for the many of us without traditional W-2 income jobs, the mortgage industry is slowly catching up with the times. Would-be homebuyers that have
Spring & Summer Housing Market Shaping Up to Be Better than We Thought
You may have heard news headlines over the past month or so that mortgage rates have been rising. If this has you worried about your plans to buy a home over the next few months, let’s talk facts. The truth is that yes, rates have risen, but only slightly, and they remain lower than they
Understanding Your FICO Score So You Can Buy a Home
So often I hear from first-time homebuyers that they are either unsure or downright scared of their credit score and what it might be. Well, in this article I want to demystify it all for you so that we can chase away that uncertainty and fear away with knowledge. We’re going to go through what
What you need to know…Housing Heating Up, Rates Trending Lower…for now
All you need to know about the latest mortgage rate and housing trends The stock markets are trending toward a little more safety and conservatism since the last Fed Meeting where the Members expressed some concern over the prospect of slowing growth in the economy. Yet, the economy is still cranking out new jobs and
