Hey there! Hope you and yours had a great Labor Day weekend! Welcome back, and I’ve got great news for anyone thinking about buying a home or refinancing: average mortgage rates have fallen to their lowest levels in more than 10 months. This is a significant development that has been driving increased interest from prospective
The past week in the mortgage market has been a story of stability, with mortgage rates holding near 10-month lows. This steadiness comes even as the Federal Reserve’s July meeting minutes were released and stock markets saw some notable shifts. What’s really going on with rates, and what should you watch for next? Let’s dive
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 a productive week! I wanted to share a quick update on the mortgage market, as there’s some interesting movement happening behind the scenes. Optimistic Indicators While the headlines might not scream “major rate drop,” there’s definitely cause for optimism. This past week, despite the Fed holding steady on rates, we’ve seen some
Happy New Year! I hope you had a wonderful holiday season. As we kick off 2025, I wanted to give you a quick update on the mortgage market and what we might expect in the coming months. The January Effect Interest rates ended 2024 around 7 percent – higher than many analysts anticipated for the
Hope you’re doing well! Things have been buzzing in the mortgage world, so I wanted to share some insights and keep you in the loop. Interest Rates: A Bit of a Rollercoaster Remember those low rates back in September? We’re still a bit higher than that, but the good news is they seem to be
We’ve seen a good deal of volatility in the mortgage world lately, so I wanted to give you a quick update on what’s happening and what it means for you. Interest Rates: Ups and Downs Remember those fantastic rate dips we saw a few weeks ago? Well, mortgage rates have ticked up a bit since
Hold on to your hats today because the mortgage market has been buzzing with activity, and I wanted to keep you in the loop about the latest developments. Interest Rates: Reaching New Lows Great news! Interest rates have hit their lowest point of the year, even touching levels not seen since early 2023! This positive
Good news! Mortgage rates showed slight improvement in last week’s survey by Freddie Mac of average rates. The survey reported rates reaching levels last seen in March! Let’s explore what’s driving this trend and what to watch for in the coming days. The Fed: Higher for Now, But a Shift Might Be Coming The Federal
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
