Tag Archives: Fed Meeting

Pacific Financial Mortgage

Important Fed Meeting & Jobs Report This Week

This week’s Fed Meeting is taking center stage as a driver of the direction of markets and mortgage rates. As a move to combat inflation, the Fed is anticipated to raise the Fed Funds Rate (the lending rate it charges banks) by .50 percent. This will likely ripple through the lending and investment markets. To

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Pacific Financial Mortgage

Are You Considering a Second Home or High Balance Mortgage??

First, let me start with an important announcement…for all newly originated second home and high balance mortgages the fees are going up substantially for all loans locked in after February 9th. So, if this might be you and you’re thinking of purchasing this year, please reach out to me right away so we can save

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Pacific Financial Mortgage

Fed Meeting This Week Could be Huge!

Last week mortgage rates remained in a narrow range, furthering their steady trend. Even to start off this week rates are in a holding pattern. However, that could all change tomorrow as the latest Fed Meeting adjourns. We are expecting to see greater volatility in the face of the Fed’s announcement coming Wednesday afternoon.  There

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Pacific Financial Mortgage

Important Fed Meeting & Jobs Report…How Will Rates React?

As has been the new trend, mortgage rates again moved up slightly last week as we watched the 10-year Treasury yield percentage move up as well. Optimism is building as we’re seeing new covid cases declining and consumer optimism increasing.  Even as mortgage rates are rising slowly, we continue to see a brisk housing market

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Pacific Financial Mortgage

Even with Uptick, Rates Remain at Historically Low Levels

Last week we saw evidence – in the reports on consumer and wholesale prices – that inflation continues to rise and as we know, this can often cause a rise in rates. This seems to be the case as the latest survey on average mortgage rates, published by Freddie Mac, reported that the average rate

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Pacific Financial Mortgage

Times They Are a Changin’…How Can You Be Ready?

Going into last week’s Fed Meeting, mortgage rates had remained steady for the past couple months. We’ve watched U.S. Treasuries becoming more popular with foreign investors as the global economy has struggled to recover amidst the pandemic. This has helped mortgage rates stay low, along with the Fed’s stimulus buying of mortgage backed securities. Well,

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Pacific Financial Mortgage

Rates Steady for the Last 2 Months… Trend Might Be About to Change

We’re going on two months now that we’ve seen mortgage rates remain mostly flat. Analysts see this as evidence that markets are leery of the prospects of a robust economy roaring back anytime soon due to rising covid cases and how this pandemic is going to shake out. And of course the Fed’s bond buying

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Pacific Financial Mortgage

Important Jobs Report This Week…What About Rates?

There’s so much to discuss this week, so let’s dive in! First of all, mortgage rates remained rather steady last week as markets awaited the comments and fallout from the Fed’s meeting in Jackson Hole, Wyoming. The comments following the meetings by Fed Chair Jerome Powell revealed that the members are talking about tapering their bond buying program

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Pacific Financial Mortgage

Grab your boots & hats for the Fed Meeting in the Cowboy State

Looks like things have settled down for rates as they remained relatively flat last week, according to the latest weekly survey published by Freddie Mac. What’s not remaining flat is home sales as a report already released this week shows home sales beating expectations! This week, however, we have even more housing data coming out

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Pacific Financial Mortgage

Some head-scratching over inflation’s effect on mortgage rates

Last week’s market and mortgage rate movement has many experts scratching their heads, and here’s why. First, we saw the core rate of consumer inflation (CPI)  come in much higher than expected at 3.8 percent. Normally, higher inflation sends mortgage rates higher, but according to the latest survey of mortgage rates, they improved slightly, hence

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