Tag Archives: existing home sales

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Mortgage Rates Taking a Breather… What’s Next?

Hope you’re having a wonderful week! Just wanted to keep you in the loop on the mortgage and housing markets. They’ve been a bit unpredictable lately, kind of like trying to guess what to make for dinner! (Anyone else relate? 😅) But there’s good news – things seem to be stabilizing, at least for the

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Mortgage Rates: Mixed Signals, But Hope Remains for Homebuyers!

Good news first…mortgage rates continued to improve last week; however, we saw some conflicting signals that are impacting rates: The Fed: Higher for Longer, But Maybe Not Forever The Federal Reserve met last week and surprised many by indicating they might not cut rates as much as previously expected. While they’re sticking to their plan

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Volatility in Rates and Markets Increases

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

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Mortgage Rates, Market Trends, and Your Next Home

Mortgage rates continued to move sideways this last week, according to the latest survey of average rates published by Freddie Mac. After watching average mortgage rates drop by more than a percentage point in October and December, we all got excited to see rates continue to fall, but they haven’t. They also haven’t gone back

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The Fed’s Holiday Gift…

Last week, at the wrap-up of their meeting, the Fed delivered the gift the markets have been asking for, a decision to pause interest rate hikes and bond-friendly remarks about the economy. As a result, mortgage rates tumbled, improving to levels not seen in many months. “Given inflation continues to decelerate and the Federal Reserve

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Important Fed Meeting This Week…

Last week’s biggest economic headline centered on inflation news and the consumer price data that came out showing the CPI (consumer price index) rising by 0.6 percent for the month, higher than expected. The main reason? Energy prices, mainly oil prices, which, if you’ve been to the gas station recently, is no surprise. The core

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Rates Rising as Fed Heads to Jackson Hole

A normally innocuous event last week sent mortgage rates higher. The opening line of the Fed’s Meeting Minutes, “uncertainty of the U.S. economic outlook remains elevated…” confirmed for traders that we still don’t have certainty about the direction of inflation. Uncertainty and inflation are two of the arch enemy’s of mortgage rates, and when they

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Homeowners Increased Wealth by $122,100, Says New Report

Even though inflation is showing signs of slowing down, it’s still negatively affecting the economy and because of that, we saw mortgage rates improve for the fifth consecutive week, according to Freddie Mac’s weekly survey. Improving rates along with a robust job market are fueling optimism for a brisk spring homebuying season. If you are

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What Will the Spring Homebuying Season Look Like?

The volatility in rates and financial markets gave us a nice improvement in mortgage rates over the past two weeks. However, now as fears about the banking sector subside somewhat we’ve seen rates move back up again out ahead of an important Fed Announcement this week.  Watching the markets over this last week is a

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It’s a Delicate Balance of Good News, Bad News for Housing & Rates

Well, all signs are pointing up this week and last, so mortgage rates have behaved accordingly. For the second week in a row, the trend for rates has been upward, according to Freddie Mac’s weekly survey of average 30-year and 15-year conventional mortgages. It’s kinda a double-edged sword of good news, and bad news because

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