Tag Archives: buy a house

Pacific Financial Mortgage

Why’s it hard to buy now? Housing market is as hot🔥 as the Summer Sun!😎

This week, as we head into the unofficial start of summer with the Memorial Day Holiday, I want to pause and honor all those and their families that have served our country with their military service. Thank you and we honor you! I hope you all have a fabulous long weekend and that wherever you

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Pacific Financial Mortgage

We could see some increased volatility in rates and markets this week…

Mortgage rates again improved slightly last week, although volatility this week could lead to rates bouncing around a bit. According to the weekly survey put out by Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by .04 percent.  Keep in mind that rates on average are still about .25 percent lower

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Pacific Financial Mortgage

We Actually Saw Mortgage Rates Drop a Little in Last Week’s Survey

Surprisingly, we actually saw mortgage rates drop a little last week, after seven consecutive weeks of increases, according to the latest survey of average rates put out by Freddie Mac. This week, however, could be a bit of a rocky road as we get more inflation news.  The flow of stimulus money into the economy

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Pacific Financial Mortgage

Optimism in Job Market and Economy Urging Rates Higher

Hope you are having a great week! We saw mortgage rates remain rather steady last week, even in the face of a very encouraging and robust Jobs Report. Friday’s report on the nation’s employment picture showed new job creation come in just shy of 1 million while the unemployment rate ticked lower and the number

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Pacific Financial Mortgage

Housing Market Expecting Brisk Spring Home Buying Season, Despite Rates

Mortgage rates continued to inch higher last week according to Freddie Mac’s weekly survey of rates. We expect to see this trend continue as the yield on the 10-year Treasury bill moves higher as well. Despite rates moving a little higher, the housing market continues to be red hot and experts are predicting a brisk

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