Big changes are happening in the mortgage market! Last week, we saw mortgage rates drop to their lowest levels in almost a year. This is a significant development and a major reason for optimism as we head into this week’s Federal Reserve meeting. Low Rates Drive High Activity This downward trend in rates, which has
There’s been a lot of movement in the market lately, and I wanted to break down what it all means for you. It’s been a truly eventful couple of weeks, with interest rates touching their best levels in 10 months and some fascinating news from the jobs report and inflation data. Here’s a quick look
As summer heats up, so has the opportunity. How’s the weather where you are? I hope you are enjoying your week. As for the housing and mortgage markets, the last few weeks of July have brought some interesting shifts in the market. Here’s what’s changing in housing and why it matters to you. Good News on
I hope you are enjoying these dog days of summer! I’m stopping by today to keep you informed about the latest developments that could impact your homeownership journey. This past week brought some interesting shifts, from Federal Reserve insights to a major change in credit scoring, all while mortgage rates saw a slight uptick. Let’s
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
Hope you’re enjoying a beautiful summer week! We’re happy to see the sun and have some warm weather after lots of rain here. I wanted to share a quick update on what’s been happening in the housing and mortgage markets. It’s been a bit of a mixed bag lately, with some interesting shifts, and I
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
This week in the mortgage world has been a bit of a balancing act, with rates holding relatively steady despite some market volatility. Freddie Mac reported the trend for the 30-year fixed-rate mortgage essentially flat from last week, which is good news for those of you keeping a close eye on rates. We’ve seen some
