Again this week I’m happy to report that Freddie Mac’s weekly survey shows that the trend for mortgage rates continues to improve. We saw the average rates for 30-year fixed mortgages drop by .18 percent, just this week; and the 15-year average rate fall by .24 percent! Freddie Mac’s chief economist, Sam Khater, commented that
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Happy 2023 friend! I hope your holiday season was magical! We had an especially magical Christmas and welcomed our baby girl Catherine on December 19th. She is perfect in every way and we are loving being parents. We couldn’t be happier! And now, it’s time to get down to the business of a new year!
This should be an interesting week in markets as we have an important Fed Meeting coming up, adjourning mid-week, among a slew of high-impact economic and housing reports. Yes, we’re hearing much drama in the media about housing and whether bubbles are bursting or not. Although none of us knows the future, what I do
Hope you had a fantastic Fourth of July holiday! As the possibility of recession increases based on the latest GDP (gross domestic product) data released and high inflation, mortgage rates paused their upward trend last week, even showing slight improvement. This pause should help the housing market rebalance to a more normal pace of home
Wild times we’re living in! Last week’s events including rising inflation, continued geopolitical uncertainty, and the Fed’s move to raise its key interest rate, drove mortgage rates higher at a pace not seen in a long time. According to Freddie Mac’s weekly survey, which came out last Thursday, the average rate for a 30-year fixed-rate