Author Archives: Victoria Kellogg

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.

Considering a Second Home? Important Update!

By Rates News, , , , ,

Thanks to a tight labor market and rising inflation rates, mortgage rates moved higher last week amidst market volatility. According to the latest survey put out by Freddie Mac, average mortgage rates trended up to levels not seen since May 2020. We have yet to see any effect on demand for homes given the growth

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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.

Looks to Be a Happy New Year for Housing!

By Rates News, , , ,

Hope you’ve enjoyed your holiday season and now we’ve turned the page to a new year. Unbelievable, right!? Mortgage rates moved sideways for much of the end of 2021 but since the beginning of this year on Monday, they’ve moved higher due in large part to economic data showing an economy becoming stronger and consumer

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