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Rate Trend Improving + Signs of Buyers Coming Back!

Home sales have been slow lately, as you’ve seen me write over these past few weeks; however, I’m seeing some demand signals start to perk up. Redfin reported that their Homebuyer Demand Index, which measures home tour requests and Google searches for homes for sale, is showing a 6 percent increase in buyer activity. Freddie

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This Time of Year in Housing Market

As mortgage rates remain elevated to start the year, we’re seeing buyers step back to the sidelines to wait and see what this year will bring for the housing market and mortgage rates. This is typically a slower time of year for housing sales and mortgage applications, so it’s not that surprising, however, this year

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Happy New Year! What I’m Looking Forward To…

Happy 2023 friend! I hope your holiday season was magical!  We had an especially magical Christmas and welcomed our baby girl Catherine on December 19th. She is perfect in every way and we are loving being parents. We couldn’t be happier! And now, it’s time to get down to the business of a new year!

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Mortgage Rates Trending Down as Fed Predicted to Raise Its Rate

Concerns over lackluster economic growth allowed the trend for mortgage rates to continue to improve for the fourth consecutive week. According to Freddie Mac’s latest survey, it’s been since 2008 that rates have seen the decline we’ve seen over the last four weeks! Increased buyer activity has not shown up in the numbers yet, however,

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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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