Tag Archives: consumer price index

Special Alert for Homeowners!

By Victoria KelloggApril 13, 2022Rates Newsconsumer price index, housing market, mortgage, mortgage rates, Pacific Financial Mortgage, refinance, Victoria Kellogg

It’s probably not a surprise to you, but mortgage rates continued to increase this past week clocking the fastest three-month rise since May of 1994, according to Freddie Mac’s latest survey of average mortgage rates. The survey also reported – and I will corroborate – that purchase activity is softening, which, if you’ve been on

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More Volatility in Bonds Expected Thanks to Inflation Concerns

By Victoria KelloggFebruary 9, 2022Rates Newsconsumer price index, housing market, mortgage, mortgage rates, Pacific Financial Mortgage, refinance, Victoria Kellogg

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

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