Tag Archives: freddie mac

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Mortgage Market Update: A Breath of Fresh Air?

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

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Mortgage Market Update & Support for Wildfire-Affected Communities 🏡

I hope this message finds you safe and well. My heart goes out to those impacted by the devastating local wildfires in California. What we’ve witnessed over this past week has been unimaginable! It’s during times like these that community support becomes more important than ever. Important Information for Wildfire-Affected Homeowners: If you’ve been affected

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2025 Mortgage Market Update: A Rollercoaster Ride Ahead?

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

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What the Election Means for Your Mortgage

Well, that was a wild week! The election results definitely shook things up, and you might be wondering what it all means for your mortgage plans. Let’s break it down. Interest rates have been rather volatile this past week. They jumped up right after the election, with the 10-year Treasury yield nearing 4.50%. Why? The

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🤔 Rate Riddle: Why Are They Still Climbing? (And What You Can Do)

Yes, I know…it seems like every time we turn around, mortgage rates are a little bit higher recently! It’s enough to make your head spin, right? But don’t worry; I’m here to break it all down for you and offer some guidance in this shifting market. Here’s the lowdown: — Rates keep on truckin’ upwards.

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An image of mountains and palm trees that says Weekly Mortgage Market Update - Pacific Financial Mortgage & Real Estate Inc.

Welcome to September! Here’s your Housing Market Update

Did you enjoy your Labor Day Weekend? I hope so! And I hope you’re enjoying these last days of summer. The housing market, much like the changing seasons, is showing signs of both stability and transition. Let’s dive into the latest updates. Interest Rates: A Cautious Dance The recent PCE inflation data, which is the

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Mortgage Rate Update: Holding Steady, But Big Data on the Horizon!

It’s always fun to report that rates trended slightly lower, according to last week’s report on the survey of average rates published by Freddie Mac. Since that report, rates have been relatively stable; however, with some big economic news coming up, things could get interesting. The Federal Reserve continues to signal they won’t raise rates

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Markets Hold Collective Breath Ahead of Next Week…

Hope your week is off to a great start! I want to give you a quick update on the housing market, interest rates and what that might mean for your home financing goals. Overall, it’s a pretty quiet week in terms of major economic data, so in large part markets will likely be pretty quiet

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Navigating the Rate Rollercoaster: A Market Update

If the past few weeks have felt like a whirlwind with interest rates, you’re not alone. Let’s break down what’s been happening and what it means for your home financing goals. The Fed Factor Remember when the Fed hinted at those juicy rate cuts for 2024? Well, surprise, surprise, things change fast! Inflation reports came

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