Author Archives: Victoria Kellogg

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Signs Point To Improving Economy and Housing Market

We’ll have to wait and see, but Redfin published a recent report declaring that, according to their data, the housing market has bottomed out and the recovery has begun. The report points to the number of customers requesting first tours of homes rose 17 percentage points from its low in November. Also, the number of

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Rates Again Improve…Is the Stage Set for Busy Spring Season?

Again this week I’m happy to report that Freddie Mac’s weekly survey shows that the trend for mortgage rates continues to improve. We saw the average rates for 30-year fixed mortgages drop by .18 percent, just this week; and the 15-year average rate fall by .24 percent! Freddie Mac’s chief economist, Sam Khater, commented that

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Rate Trend Improving + Signs of Buyers Coming Back!

Home sales have been slow lately, as you’ve seen me write over these past few weeks; however, I’m seeing some demand signals start to perk up. Redfin reported that their Homebuyer Demand Index, which measures home tour requests and Google searches for homes for sale, is showing a 6 percent increase in buyer activity. Freddie

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This Time of Year in Housing Market

As mortgage rates remain elevated to start the year, we’re seeing buyers step back to the sidelines to wait and see what this year will bring for the housing market and mortgage rates. This is typically a slower time of year for housing sales and mortgage applications, so it’s not that surprising, however, this year

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Happy New Year! What I’m Looking Forward To…

Happy 2023 friend! I hope your holiday season was magical!  We had an especially magical Christmas and welcomed our baby girl Catherine on December 19th. She is perfect in every way and we are loving being parents. We couldn’t be happier! And now, it’s time to get down to the business of a new year!

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Mortgage Rates Trending Down as Fed Predicted to Raise Its Rate

Concerns over lackluster economic growth allowed the trend for mortgage rates to continue to improve for the fourth consecutive week. According to Freddie Mac’s latest survey, it’s been since 2008 that rates have seen the decline we’ve seen over the last four weeks! Increased buyer activity has not shown up in the numbers yet, however,

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Improvement in Rates After Optimistic Inflation Report

Well, this is fun…we watched mortgage rates improve quite drastically last week due to surprisingly optimistic inflation data. In fact, according to the weekly mortgage rate survey published by Freddie Mac, the average rate for a 30-year fixed mortgage fell by .47 percent. As we head into the long Thanksgiving Holiday weekend, I expect mortgage

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