Good news! Mortgage rates have continued their downward trend this past week, reaching even lower levels. Let’s dive into the details and see what this means for potential homebuyers. The Fed: A Tug-of-War While the Federal Reserve has signaled a potential rate cut, there’s still some uncertainty about the timing and magnitude of these reductions.
Good news! Mortgage rates have continued their recent downward trend, reaching their lowest levels in five months. Also, the average rates for the 15-year and 30-year fixed are lower now than they were a year ago by .13 and .07 percent, respectively, according to Freddie Mac’s weekly survey. This is welcome news for homebuyers who
Happy belated Fourth of July! I hope you enjoyed celebrating our nation’s independence with your loved ones. A Look Back at the First Half of 2024 The good news is that home loan rates closed out the first half of the year on a positive note, reaching their lowest levels since early April. This improvement
This week marks the beginning of the second half of 2024. It’s also a holiday-shortened week as we celebrate July 4th, Independence Day on Thursday. In the meantime, let’s talk about the mortgage and housing markets as we head into the second half of 2024. Inflation: A Global Challenge Inflation remains a top concern for
Good news! Mortgage rates showed slight improvement in last week’s survey by Freddie Mac of average rates. The survey reported rates reaching levels last seen in March! Let’s explore what’s driving this trend and what to watch for in the coming days. The Fed: Higher for Now, But a Shift Might Be Coming The Federal
Good news first…mortgage rates continued to improve last week; however, we saw some conflicting signals that are impacting rates: The Fed: Higher for Longer, But Maybe Not Forever The Federal Reserve met last week and surprised many by indicating they might not cut rates as much as previously expected. While they’re sticking to their plan
Last week mortgage rates dipped to their lowest levels in two months! Let’s break down what caused this shift and what to watch for in the coming days. The Economy Slows Down Recent economic data paints a picture of a slowing economy. This has helped to cool inflation fears, a major factor influencing interest rates.
Welcome to June! Let’s talk about mortgage rates…This past week, rates unfortunately moved higher due to a few key factors: • Treasury Department Needs More Revenue: The government needs to sell more debt to fund spending, and recent auctions haven’t been as strong as hoped. This pushes interest rates higher.• Fed Signals Higher Rates for
Happy (almost) summer! As we pause this week and take a moment to honor those who served our country on Memorial Day, let’s also dive into the latest news affecting mortgage rates. The Week in Review: A Tug-of-War – This past week, interest rates saw some ups and downs. Here’s what caused the volatility: •
Good news! Last week, mortgage rates reached their best levels in over a month! Let’s break down what caused rates to improve for the second consecutive week and what to watch for in the coming days. Remember the big inflation report from April that sent rates soaring? Well, the good news is the latest report
