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
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
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
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
You may have heard news headlines over the past month or so that mortgage rates have been rising. If this has you worried about your plans to buy a home over the next few months, let’s talk facts. The truth is that yes, rates have risen, but only slightly, and they remain lower than they
