Tag Archives: gdp

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New Home Sales Reach a 13-Month High!

Continuing their sideways trend, mortgage rates hung out within the same .10 percent range over the last week, according to Freddie Mac’s weekly survey of average rates. Analysts are finally seeing the issues over the debt ceiling to have a visible impact on longer-term bonds, which may translate to lower interest rates. We’ll have to

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Fed Meeting Coming, Leading to Some Volatility

Market uncertainty and shifting expectations led to a turnaround in mortgage rates last week. Freddie Mac’s weekly survey reported an increase in the average rates for the 30-year fixed and 15-year fixed. As of the writing of this email, rates are trending toward improvement…but as you know, can change at any time.  With an impending

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Housing Market Remains Strong, Even as Rates Rise Again

Even as we see the average mortgage rates continue their trend higher, according to Freddie Mac’s weekly survey, data continues to show the strength of the housing market. Yes, there is still re-balancing happening in housing; and yes, of course rising rates are impacting affordability and buyers’ decisions. However, people are still buying homes, selling

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Important Jobs Report Comes Out This Week…

As we kick off a new month, we’re seeing further evidence of the normalizing of the housing market. Yes, there’s still lots of doom and gloom in the media about housing. No, we don’t like change and uncertainty in the markets, but the truth is the housing market is becoming increasingly favorable for buyers. No,

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Rates Pause Upward Trend & Jobs Report This Week

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

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