Good news! Mortgage rates are holding steady, as they have been over the past few months. This week’s average rate dipped slightly by .01 percent for a 30-year fixed. Inflation cooled more than expected in May. The headline Consumer Price Index clocked in at just 2.5 percent year-over-year, its lowest reading in four years. Even
Hey there! Hope you’re having a great week! It’s been a volatile week in housing and financial markets, and this past week brought some interesting developments. You might have noticed a slight uptick in interest rates recently, with the 30-year fixed rate averaging around .05 percent higher according to Freddie Mac. While this is up
Hope you’re having a great start to your week! As we continue to navigate the ever-evolving housing market, I wanted to share a quick update on some key factors influencing things right now. Last week, interest rates held steady, and Freddie Mac reported the average 30-year fixed-rate mortgage at .30 percent lower than this time
Hope you’re having an enjoyable week! As we navigate the ever-evolving mortgage landscape, I wanted to share some insights into recent market movements and what they might mean for you. Last week, we saw an interesting dynamic unfold. Amidst global economic uncertainties, particularly around potential tariffs, investors sought the safety of bonds. This “safe haven
Well, that was a wild week! The election results definitely shook things up, and you might be wondering what it all means for your mortgage plans. Let’s break it down. Interest rates have been rather volatile this past week. They jumped up right after the election, with the 10-year Treasury yield nearing 4.50%. Why? The
I wanted to keep you updated on the latest happenings in the mortgage world. We’ve seen some interesting developments lately, and I’m here to help you make sense of it all. Rates Are Down, but Stay Alert! Interest rates are at their lowest point in 2024 and are even nearing the best levels we’ve seen
Good news! Last week, mortgage rates reached their best levels in over a month! Let’s break down what caused rates to improve for the second consecutive week and what to watch for in the coming days. Remember the big inflation report from April that sent rates soaring? Well, the good news is the latest report
It’s always fun to report that rates trended slightly lower, according to last week’s report on the survey of average rates published by Freddie Mac. Since that report, rates have been relatively stable; however, with some big economic news coming up, things could get interesting. The Federal Reserve continues to signal they won’t raise rates
Let’s talk mortgage rates (it’s the number one question I get asked, lol)! It’s been a bit of a rollercoaster these past few weeks, and I wanted to give you a quick rundown of what’s been happening and what it means for homebuyers. Remember that big inflation report I mentioned last week? Well, the CPI
Well, wouldn’t you know it, as soon as we start enjoying improved rates as we head into the Spring home buying season, the latest CPI (consumer price index) report spooks the bond and mortgage markets, and rates rise for the week. According to the latest survey of average rates by Freddie Mac, the rate for
