Last week the Fed raised rates for the first time in three years, and I’ve heard one question more than any other: does that mean mortgage rates just went up? Let me clear that up. The Fed does not set mortgage rates. It controls the overnight rate, which has a quicker effect on HELOCs, credit
Hope your week is going well! It has been a big week for rates, so let me break down what happened and why it matters. Rates climbed for six straight days heading into this week’s Fed meeting, the sharpest jump we have seen since late 2024, and touched their highest point since early last year.
Hope your week is going well! It has been a quietly important week in the mortgage and housing world, so here is what actually matters for you. The encouraging news first: rates eased slightly again this week, though they remain just above this year’s highs. Behind the scenes, a few things are lining up that
Hope your week is going well! There was a lot moving in the mortgage and housing world, so here is what actually matters for you. The encouraging news first: rates eased for a second straight week. If you have been checking day to day, you may have noticed some choppiness, and that is normal. Bond
I hope your February is off to a wonderful start! Between the groundhog’s prediction and the shifting winds in the financial markets, there is certainly a lot to talk about this week. As we look toward the spring home-buying season, I wanted to share some heartening news: we are currently seeing some of the most
I hope your week is off to a wonderful start! I’ve been keeping a close eye on the markets for you. There is a lot of “noise” out there right now, but when we peel back the headlines, there is actually some very heartening news for anyone looking to buy, sell, or refinance this year.
I hope you’re having a wonderful week! It’s been a significant few days in the financial and housing world. After the longest U.S. government shutdown in history ended, markets reacted with clear relief. This stability is important because it means interest rates are holding near the best levels of the year. The 10-Year Treasury yield,
The big news this week is fantastic: mortgage rates hit their lowest level in over a year! I know the news can be overwhelming and often scary, so I want to break down what’s driving this exciting movement and—more importantly—what it means for you, whether you’re looking to buy your first home, refinance, or simply
I hope you’re staying cozy as we head deeper into the fall! This week has been all about signals—signals from the Federal Reserve, signals from the housing market, and even a signal about the very best time to buy a home. The Fed Speaks Out (Before the Quiet) This past week brought a flurry of
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
