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Navigating the Rate Rollercoaster: A Market Update

By Victoria KelloggApril 10, 2024Rates News, Uncategorizedcpi, Fed Meeting, freddie mac, high rates, housing market, inflation, inflation rates, Pacific Financial Mortgage, Rates News, Victoria Kellogg

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

Great Option for Buyers (And Sellers!)

Not surprisingly, mortgage rates resumed their steady march higher last week, according to Freddie Mac’s latest survey of average rates. We’re continuing to see the economy shift. On the one hand, data is showing strong job and wage growth but uncertainty lingers due to high inflation, fears of recession, and rebalancing in the housing market.

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Navigating the Rate Rollercoaster: A Market Update

Great Option for Buyers (And Sellers!)