It’s been quite a week so far as mortgage rates continue to move higher in response to the yield percentage on the 10-year Treasury note rising rather rapidly. What’s happening? The markets are responding in large part to rising inflation concerns and increased government spending which increases the amount of bonds on the market, driving
Mortgage rates remained largely unchanged last week until Friday when we saw a bump higher as the effect of rising 10-year Treasury yields spilled over into mortgage pricing. This week we started off with markets closed on Monday in observance of President’s Day. As for economic reports we get looks at inflation, retail sales, and
Mortgage rates remained flat last week, according to Freddie Mac’s weekly survey. What’s this mean for you? If you have yet to refinance in the past year, rates remain near all-time lows, offering amazing opportunities for homeowners to increase financial stability and lower monthly mortgage payments. Reports from Freddie Mac are showing that many 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
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
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
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
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
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
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
