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An image of mountains and palm trees that says Weekly Mortgage Market Update - Pacific Financial Mortgage & Real Estate Inc.

The Latest Scoop: Mortgage Rates, Home Prices, and the Job Market

I hope you’re all having a great week! It’s been a little quieter on the economic data front, but what we did get this week, along with some great insights into the housing market, gives us a lot to talk about. What’s Happening with Rates? The big story this week is that mortgage rates continue

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Is a Rate Cut a Good Thing for Mortgage Rates?

I hope you’re having a fantastic week. It’s hard to believe we’re already at the beginning of October! The big news this week was the Fed’s recent rate cut, which you would think would lead to lower mortgage rates, right? Well, that’s where things get interesting. After the Fed’s announcement, mortgage rates actually crept up

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What a Week! The Fed, Rates, and What It All Means for You.

I hope you’re having a wonderful week! The past 7 days have been a whirlwind. It feels like every day brings a new piece of news, from the Federal Reserve’s big announcement to the latest on mortgage rates. I wanted to take a moment to break it all down for you in a simple, straightforward

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Big News: Mortgage Rates Are at Their Lowest Point in Nearly a Year!

Big changes are happening in the mortgage market! Last week, we saw mortgage rates drop to their lowest levels in almost a year. This is a significant development and a major reason for optimism as we head into this week’s Federal Reserve meeting. Low Rates Drive High Activity This downward trend in rates, which has

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Did You Miss It? Mortgage Rates Are at Their Lowest Point in Almost a Year

As we enjoy the waning days of late summer, the air isn’t the only thing changing—the mortgage market is, too. Last week was a big one, with 30-year mortgage rates hitting their lowest point since October 2024. This drop, while slight, is a major headline and a positive sign for both prospective homebuyers and current

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Why Mortgage Rates Are at a 10-Month Low and What’s Next

Hey there! Hope you and yours had a great Labor Day weekend! Welcome back, and I’ve got great news for anyone thinking about buying a home or refinancing: average mortgage rates have fallen to their lowest levels in more than 10 months. This is a significant development that has been driving increased interest from prospective

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Why Mortgage Rates Are Holding Steady (And What That Means for You)

The past week in the mortgage market has been a story of stability, with mortgage rates holding near 10-month lows. This steadiness comes even as the Federal Reserve’s July meeting minutes were released and stock markets saw some notable shifts. What’s really going on with rates, and what should you watch for next? Let’s dive

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Jackson Hole & The Mortgage Market: What You Need to Know

The mortgage market is currently in an interesting place, with rates dipping to their lowest level in 10 months. But with the annual Jackson Hole Symposium right around the corner, there’s a lot to watch for. What’s Happening with Rates? The 30-year fixed-rate mortgage fell by .05 percent for last week, according to Freddie Mac.

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Big News for Rates and Why a Fed Cut Might Not Mean What You Think

There’s been a lot of movement in the market lately, and I wanted to break down what it all means for you. It’s been a truly eventful couple of weeks, with interest rates touching their best levels in 10 months and some fascinating news from the jobs report and inflation data. Here’s a quick look

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Big News for Buyers and Sellers: Rates Drop, Plus an Updated Look at the Market

It’s been a busy and interesting time in the market, with a lot of movement on multiple fronts that could affect your home-buying or selling plans. I’ve been keeping a close eye on the latest economic reports and mortgage rate trends, and I’ve got some key updates to share that I think you’ll find helpful.

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