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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,
Rates Keep up Streak of Improvement!
Once again, happy to report that for another week the trend in mortgage rates has been one of improvement! The recent optimism in markets that inflation may be improving has led to a decrease in rates. And combined with softening housing prices, this looks to be a more favorable buying environment than we’ve seen in
We Can Be Thankful for Rates Trending Lower!
Just in time for Thanksgiving last week, rates ticked lower by a nice margin, providing a welcome improvement for buyers ready to lock in. In fact, rates have been hovering near 2-month lows! By the way, if you would like me to be watching mortgage rates for you, let’s talk and figure out the best
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
Good News on Inflation…Finally!
There are lots of interesting data points to cover this week so let’s dive in. First, we saw mortgage rates resume their trend higher with the average rate for a 30-year fixed rate in Freddie Mac’s weekly survey surpassing 7 percent. The housing market continues to evolve and change and we’re seeing home sales fall.
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.
Important Jobs Report and Fed Meeting This Week…
As we turn the page and begin a new month, we see mortgage rates continuing to rise this week, and according to Freddie Mac’s survey, the average rate for a 30-year fixed mortgage has broken above 7 percent for the first time in 20 years. Take heart though, history shows us that it could be
Happy to Report a Little Good News in Rates This Week…
Rates took a breather from their climb last week and according to the latest survey of average mortgage rates published by Freddie Mac, leveled off and have been holding mostly steady. Freddie Mac also reported declining demand for homes due to higher rates and declining homebuilder confidence. All points to further evidence of the shifts
Great Option for Buyers (And Sellers!)
Not surprisingly, mortgage rates resumed their steady march higher last week, according to Freddie Mac’s latest survey of average rates. We’re continuing to see the economy shift. On the one hand, data is showing strong job and wage growth but uncertainty lingers due to high inflation, fears of recession, and rebalancing in the housing market.
Lots of Inflation Data Coming Out, Could Spark Volatility in Rates & Markets
Continued economic uncertainty led to a slight pullback in mortgage rates last week, according to Freddie Mac’s weekly survey of average rates. Yes, rates remain at levels considerably higher than they were this time last year; however, this pullback offered borrowers a little respite. And remember, if you plan to buy soon we have some
