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Shifting Continues in Housing + Jobs Report Friday
Mortgage rate volatility is still a thing as we saw rates whipsaw higher last week. Average rates as reported by Freddie Mac’s weekly survey showed a .42 percent increase for the 30-year fixed and .30 percent rise for the 15-year, which is a greater than typical move in rates. The data coming in continues to
Good News on Rates & Inflation!
Believe it or not, I actually have some good news to report when it comes to inflation and mortgage rates. First, mortgage rates improved a little last week, according to the latest survey of average mortgage rates reported by Freddie Mac. Now, as we know rates can be volatile and I don’t believe this is
Rates Volatile While Housing Market Stabilizes
Volatility reigned last week, leaving mortgage rates higher once again, according to the weekly survey of average mortgage rates put out by Freddie Mac. Even though rates have been bouncing around, data continues to show that the housing market continues to move to a more balanced environment. Declines in demand for home purchases continue to
Important New Inflation Data Coming Out!
As the tug of war between inflation pressures and a slowdown in the economy leave mortgage rates in a volatile trend, Freddie Mac’s weekly survey of average rates showed that rates experienced an impressive improvement last week. However, most of those gains have been erased as markets digest Friday’s Jobs Report and other strong data
Important Jobs Report Comes Out This Week…
As we kick off a new month, we’re seeing further evidence of the normalizing of the housing market. Yes, there’s still lots of doom and gloom in the media about housing. No, we don’t like change and uncertainty in the markets, but the truth is the housing market is becoming increasingly favorable for buyers. No,
Critical Fed Meeting This Week Before August Break
This should be an interesting week in markets as we have an important Fed Meeting coming up, adjourning mid-week, among a slew of high-impact economic and housing reports. Yes, we’re hearing much drama in the media about housing and whether bubbles are bursting or not. Although none of us knows the future, what I do
Lots of Interesting Housing Market News Out This Week…
Volatility reigned in mortgage rates last week as signs point to slower economic growth due to inflation. According to Freddie Mac’s weekly survey of average rates, the 30-year fixed ticked higher by .21 percent. So far this week has been a bit quieter with the volatility staying in a narrow range. As for the housing
Volatility in Markets, Silver Lining in Housing
Average mortgage rates had dropped nicely, by half a percent, as of last week’s mortgage rate survey published by Freddie Mac, on continued worries over a possible recession coming this year. However, by week’s end, with strong enough economic data – especially a stronger than expected Jobs Report, rates reversed course ending higher. Yes, markets
Rates Pause Upward Trend & Jobs Report This Week
Hope you had a fantastic Fourth of July holiday! As the possibility of recession increases based on the latest GDP (gross domestic product) data released and high inflation, mortgage rates paused their upward trend last week, even showing slight improvement. This pause should help the housing market rebalance to a more normal pace of home
What Is Recession and How You Can Prepare
As summer arrives, we’re still seeing mortgage rates climb and the housing market continues to transition to a more balanced environment between buyers and sellers. According to Freddie Mac’s latest survey of average mortgage rates, the 30-year and 15-year are both up slightly for the week. However, last week was significantly calmer in terms of
