Category Archives: Rates News

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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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How will the Election affect rates?

The nation’s housing market continues to cool down and shift as mortgage rates seem to be trending around an average of 7.0 percent for a 30-year fixed, according to Freddie Mac’s weekly survey. The Federal Reserve continues to attempt to combat inflation and raised the Fed Funds rate once again last week at its meeting.

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Happy to Report a Little Good News in Rates This Week…

Rates took a breather from their climb last week and according to the latest survey of average mortgage rates published by Freddie Mac, leveled off and have been holding mostly steady. Freddie Mac also reported declining demand for homes due to higher rates and declining homebuilder confidence. All points to further evidence of the shifts

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Great Option for Buyers (And Sellers!)

Not surprisingly, mortgage rates resumed their steady march higher last week, according to Freddie Mac’s latest survey of average rates. We’re continuing to see the economy shift. On the one hand, data is showing strong job and wage growth but uncertainty lingers due to high inflation, fears of recession, and rebalancing in the housing market.

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Lots of Inflation Data Coming Out, Could Spark Volatility in Rates & Markets

Continued economic uncertainty led to a slight pullback in mortgage rates last week, according to Freddie Mac’s weekly survey of average rates. Yes, rates remain at levels considerably higher than they were this time last year; however, this pullback offered borrowers a little respite. And remember, if you plan to buy soon we have some

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Your Home Financing Strategy in a Tough Market + It’s Jobs Week!

Continued uncertainty and volatility in both stock and bond markets have pushed mortgage rates even higher. According to Freddie Mac’s survey data of average rates, the range of rates for a 30-year fixed rate mortgage has more than doubled since this time last year. Ouch!  As we all know, though, people are still buying, selling,

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Housing Market Remains Strong, Even as Rates Rise Again

Even as we see the average mortgage rates continue their trend higher, according to Freddie Mac’s weekly survey, data continues to show the strength of the housing market. Yes, there is still re-balancing happening in housing; and yes, of course rising rates are impacting affordability and buyers’ decisions. However, people are still buying homes, selling

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Market Volatile as Fed Meeting Looms

Thanks to hotter-than-expected inflation numbers last week, mortgage rates continued their climb to levels not seen in 14 years, according to Freddie Mac’s latest survey of average rates. Despite higher rates, buyers are still in the market for homes and inventory remains tight.  Remember, there are always various financing options available when it comes to

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