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Our passion is helping our clients finance and purchase the home of their dreams!
Fed Meeting Coming, Leading to Some Volatility
Market uncertainty and shifting expectations led to a turnaround in mortgage rates last week. Freddie Mac’s weekly survey reported an increase in the average rates for the 30-year fixed and 15-year fixed. As of the writing of this email, rates are trending toward improvement…but as you know, can change at any time. With an impending
Homeowners Increased Wealth by $122,100, Says New Report
Even though inflation is showing signs of slowing down, it’s still negatively affecting the economy and because of that, we saw mortgage rates improve for the fifth consecutive week, according to Freddie Mac’s weekly survey. Improving rates along with a robust job market are fueling optimism for a brisk spring homebuying season. If you are
Improving Rate Trend and Inflation Reports This Week…
We’re seeing a continuation of the trend of improving mortgage rates. According to Freddie Mac’s latest survey of average rates, the rate for a 30-year fixed-rate mortgage fell for the fourth straight week. This is welcome news to those eager to jump on the bandwagon for spring home-buying season. However, there are still challenges buyers
Rates on a Roll Improving for 3rd Straight Week!
Like a gift that shows up just in time, mortgage rates showed improvement for the third week in a row, offering the gift of greater opportunity and affordability for home buyers venturing out for this year’s peak home-buying season. According to Freddie Mac’s latest survey of average rates, the 30-year fixed rate improved by .10
Rates Dropped to the Lowest Levels in 6 Weeks!
Once again, it’s been an interesting week as last Friday we saw mortgage rates hit their lowest levels in over 6 weeks as investors continued to brace themselves for bad news in the banking sector. Uncertainty like this draws investment funds out of the stock market into the bond market, which in turn can help
What Will the Spring Homebuying Season Look Like?
The volatility in rates and financial markets gave us a nice improvement in mortgage rates over the past two weeks. However, now as fears about the banking sector subside somewhat we’ve seen rates move back up again out ahead of an important Fed Announcement this week. Watching the markets over this last week is a
It’s a Delicate Balance of Good News, Bad News for Housing & Rates
Well, all signs are pointing up this week and last, so mortgage rates have behaved accordingly. For the second week in a row, the trend for rates has been upward, according to Freddie Mac’s weekly survey of average 30-year and 15-year conventional mortgages. It’s kinda a double-edged sword of good news, and bad news because
Report Shows Mortgage Originations Rising!
Following the strong jobs report and the Fed’s interest hike that I wrote about in last week’s update, it’s no surprise that mortgage rates moved higher in the most recent survey of average mortgage rates by Freddie Mac. According to Sam Khater, Freddie Mac’s Chief Economist. “The 30-year fixed-rate continues to hover close to six
Signs Pointing to a Buyers Market!
Wow. Freddie Mac is reporting that as of last week’s survey of average mortgage rates, the rates have dropped enough since November that as many as 3 million more home buyers can qualify for and afford a median $400,000 mortgage! Since that report, however, there’s been increased volatility in markets and rates thanks to two
Signs Point To Improving Economy and Housing Market
We’ll have to wait and see, but Redfin published a recent report declaring that, according to their data, the housing market has bottomed out and the recovery has begun. The report points to the number of customers requesting first tours of homes rose 17 percentage points from its low in November. Also, the number of
