Category Archives: Uncategorized

Pacific Financial Mortgage

Rates Are Steady…Opportunities Abound!

Hope you had a fantastic Labor Day! As we head into fall, we see that the housing market remains strong thanks to a growing economy and continued purchase demand. Home prices remain stable, but thankfully inventory is improving modestly. As for mortgage rates, the latest survey by Freddie Mac reports that average rates for both

Read More

Pacific Financial Mortgage

Why’s it hard to buy now? Housing market is as hot🔥 as the Summer Sun!😎

This week, as we head into the unofficial start of summer with the Memorial Day Holiday, I want to pause and honor all those and their families that have served our country with their military service. Thank you and we honor you! I hope you all have a fabulous long weekend and that wherever you

Read More

Pacific Financial Mortgage

Housing Strong, Even as Rates Continue to Tick Higher

The demand for homes continues to show strength as Americans’ idea of ‘home’ has shifted during this pandemic. Demand still outpaces supply, even as the average mortgage rates rise, according to the latest survey published by Freddie Mac.  This week will likely be an exciting ride for markets and mortgage rates as we see the

Read More

Pacific Financial Mortgage

Rates Remain Favorable, Despite Rising Steadily. What’s Next?

Since enjoying all-time lows over the past few months, average mortgage rates have steadily risen, coming up by an average of .30 percent since the lowest point in January. Regardless, home purchase activity remains brisk and we continue to expect a hot spring sales season for home buyers and sellers. We anticipate the trend for

Read More

Rates drift lower to levels not seen since October 2016, survey says.

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

Read More