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Mortgage Rates See Positive Signs, But Important Data Still Looms!
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
Mortgage Rate Update: Holding Steady, But Big Data on the Horizon!
It’s always fun to report that rates trended slightly lower, according to last week’s report on the survey of average rates published by Freddie Mac. Since that report, rates have been relatively stable; however, with some big economic news coming up, things could get interesting. The Federal Reserve continues to signal they won’t raise rates
Mortgage Rate Update: A Week of Ups & Downs, But It’s Not All Bad!
Let’s talk mortgage rates (it’s the number one question I get asked, lol)! It’s been a bit of a rollercoaster these past few weeks, and I wanted to give you a quick rundown of what’s been happening and what it means for homebuyers. Remember that big inflation report I mentioned last week? Well, the CPI
Interest Rates Update – What Rising Rates Mean for Homebuyers
As you may have heard, interest rates continue their upward climb. This week, Freddie Mac reported the 30-year fixed rate increased by .07 percent. While not every borrower will see this exact increase, the trend is clear: rates are higher now than they were at the start of the year. What’s Driving the Increase? Despite
Markets Hold Collective Breath Ahead of Next Week…
Hope your week is off to a great start! I want to give you a quick update on the housing market, interest rates and what that might mean for your home financing goals. Overall, it’s a pretty quiet week in terms of major economic data, so in large part markets will likely be pretty quiet
Navigating the Interest Rate Rollercoaster: What You Need to Know
Last week was a rough week in markets, especially for mortgage rates. Let’s unpack what’s been happening with interest rates lately. Buckle up, because things are moving fast, and it’s important to understand what these shifts might mean for your homeownership goals. The Inflation Factor Remember how we were hoping inflation was cooling down? Well,
Navigating the Rate Rollercoaster: A Market Update
If the past few weeks have felt like a whirlwind with interest rates, you’re not alone. Let’s break down what’s been happening and what it means for your home financing goals. The Fed Factor Remember when the Fed hinted at those juicy rate cuts for 2024? Well, surprise, surprise, things change fast! Inflation reports came
Market Mayhem: What’s Up with Rates and the Economy?
The Federal Reserve’s latest moves have created some uncertainty and confusion in the markets, and as we know, uncertainty creates volatility. While Fed Chair Jerome Powell hints at 3 potential rate cuts in 2024, Atlanta Fed President Rafael Bostic sees only one cut on the horizon. This disharmony among Fed members contributes to market volatility.
This Is a Sandwich Week…Rates Steady So Far
So, to me this says that rates have remained pretty steady over the course of 2024 so far. Of course they change and move daily and we have no way to predict exactly where they’re headed. But if you are waiting or bracing for some huge change in rates, we’ve seen pretty smooth sailing over
Market’s Seek Direction From This Week’s Fed Meeting
Sticky inflation and increasing U.S. debt contributed to mortgage rate volatility that had rates showing improvement mid-week, but moving higher by week’s end. The CPI (consumer price index) came in higher than expected last week, with housing and energy costs making the biggest splash. Not only did the higher inflation spook markets, but pushed the
