What We Do
Our passion is helping our clients finance and purchase the home of their dreams!
Volatility in Rates and Markets Increases
Well, wouldn’t you know it, as soon as we start enjoying improved rates as we head into the Spring home buying season, the latest CPI (consumer price index) report spooks the bond and mortgage markets, and rates rise for the week. According to the latest survey of average rates by Freddie Mac, the rate for
Seeing Lotsa Volatility
Although mortgage rates have remained in a rather narrow range throughout the beginning of this year, we’ve seen a great deal of volatility as interest rates in the larger economy have moved all over the place since 2024 started. What’s going on that’s driving this volatility? By the looks of it, much of the volatility
Jobs Report Last Week Caused Quite a Stir!
Wow, what a wild ride for mortgage rates last week! Let’s unpack what happened and what it means for you. First, the Fed meeting adjourned on Wednesday afternoon, and as expected, they paused a hike of its key interest rate (called the Fed Funds Rate). The bond market reacted favorably, and as a result, mortgage
Lots of Factors at Play in Markets This Week…
The positive economic readings of the last week – like robust retail sales, low unemployment, and healthy GDP (gross domestic product) – caused rates to tick up slightly, according to the latest survey of average rates by Freddie Mac. However, rates remain in a narrow range, not bouncing around too much. According to Sam Khater,
Rates Bouncing Around but Basically the Same…
Mortgage rates have bounced around a bit over the past week, but still staying in a rather narrow range. However, whether this range is the highest rates will be in the near term or the lowest they’ll be in the near term depends on a few factors – most recent moves in the markets have
Mortgage Rates, Market Trends, and Your Next Home
Mortgage rates continued to move sideways this last week, according to the latest survey of average rates published by Freddie Mac. After watching average mortgage rates drop by more than a percentage point in October and December, we all got excited to see rates continue to fall, but they haven’t. They also haven’t gone back
How the Housing Market Is Shaping up This Year…
As we settle into the new year, mortgage rates continue to move sideways after seeing significant improvement between late October and mid-December. Also, the 30-year fixed rate is only slightly higher, by .14 percent higher than this time a year ago, according to Freddie Mac’s survey of average mortgage rates. Friday, the latest Jobs Report
New Year, New Home? Home Affordability on the Rise!
Happy New Year! May 2024 be your best year yet! On that note, if you’re planning a home purchase, mortgage rates have dropped to their best levels since last May. And interestingly, the 10-year Treasury Note – which mortgage rates often follow – ended 2023 at similar levels as it started 2023. Mortgage rates behaved
The Fed’s Holiday Gift…
Last week, at the wrap-up of their meeting, the Fed delivered the gift the markets have been asking for, a decision to pause interest rate hikes and bond-friendly remarks about the economy. As a result, mortgage rates tumbled, improving to levels not seen in many months. “Given inflation continues to decelerate and the Federal Reserve
Check Out This Six-Pack…Weeks of Rates Improving, That Is!
For now the sixth week in a row, mortgage rates continue to improve, according to the weekly survey of average mortgage rates published by Freddie Mac. Signs are showing buyers returning to the market but not yet in droves. For savvy buyers, now might be an opportune time to be in the market! Part of
