What We Do
Our passion is helping our clients finance and purchase the home of their dreams!
Jobs Week, Inflation, Russia-Ukraine Conflict Add Up to Volatility…What You Can Expect
Lots to unpack in this update to help you understand what’s happening globally and how it trickles down to affect the mortgage rate you could be paying on your next home finance or refinance. As you know, the Russian-Ukrainian conflict continues and looks to be escalating. The stock market doesn’t like the geo-political uncertainty, especially
Push and Pull of Volatility and Why It’s Happening…
We are tracking lots going on here at home and globally that are creating more volatility than normal in markets and mortgage rates. Last week we saw mortgage rates rise again thanks to high inflation numbers and stronger than expected consumer spending. The average rate trend for the 30-year fixed mortgage is nearing four percent,
It’s Starting to Look Like Pre-pandemic Times…
Before we dive into what’s happening this week, I’ve got some BIG news! We are now doing loans in the state of Colorado! If you or someone you know is in the market, we’d love to help you out. And now back to your weekly update… Last week was a wild week once again as
More Volatility in Bonds Expected Thanks to Inflation Concerns
Hold on to your hats, this could be a wild week in the bond market and for the mortgage rate trend. After a much more robust than expected Jobs Report last Friday that showed higher than expected wage inflation, bond prices fell, which in turn led to higher mortgage rates. Average mortgage rates are now
Market-Moving Jobs Report Coming Out Friday
This week, mortgage rates have taken a breather and have effectively stayed flat, according to the latest survey of average mortgage rates published by Freddie Mac. After last week’s volatility and further volatility expected later this week with the release of the latest Jobs Report, this is a welcome respite. The housing market continues to
Are You Considering a Second Home or High Balance Mortgage??
First, let me start with an important announcement…for all newly originated second home and high balance mortgages the fees are going up substantially for all loans locked in after February 9th. So, if this might be you and you’re thinking of purchasing this year, please reach out to me right away so we can save
Rates March Higher but Not as Bad as It Could Be…
Fortunately, we did not see bond markets react too drastically over last week’s inflation report revealing prices at the consumer level have increased 7 percent, outpacing wage increases. You’d have to go back 30-40 years to see inflation at these levels! And, we’re expecting it to continue at least for the next couple of months
Considering a Second Home? Important Update!
Thanks to a tight labor market and rising inflation rates, mortgage rates moved higher last week amidst market volatility. According to the latest survey put out by Freddie Mac, average mortgage rates trended up to levels not seen since May 2020. We have yet to see any effect on demand for homes given the growth
Looks to Be a Happy New Year for Housing!
Hope you’ve enjoyed your holiday season and now we’ve turned the page to a new year. Unbelievable, right!? Mortgage rates moved sideways for much of the end of 2021 but since the beginning of this year on Monday, they’ve moved higher due in large part to economic data showing an economy becoming stronger and consumer
