Tag Archives: home market

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Big News: Fed Drops Rates—Time to Lock in Low Mortgage Rates!

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

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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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Housing Market Update – Interest Rates and New Home Sales

Good news for homebuyers continues… Interest Rates Update Interest rates have recently reached their lowest levels of the year, and the trend suggests a possible further decline. This past week, the release of the Fed Minutes revealed that several officials preferred to cut rates at the July meeting. This news, along with signs of weakness

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Mortgage Rates: Cooling Off, But Stay Alert!

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

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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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Fed’s Meeting Minutes Cause an Unexpected Stir

Usually, the release of the Fed Minutes is a minor affair, however, last week was a different story as markets try and figure out what the Fed’s next moves are going to be. Not too long ago, traders expected the Fed to start cutting rates at their March meeting, which could have helped mortgage rates

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The Fed’s Holiday Gift…

Last week, at the wrap-up of their meeting, the Fed delivered the gift the markets have been asking for, a decision to pause interest rate hikes and bond-friendly remarks about the economy. As a result, mortgage rates tumbled, improving to levels not seen in many months. “Given inflation continues to decelerate and the Federal Reserve

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What’s up With Rates + Jobs Week

As we kick off the fourth quarter of the year, market conditions are not getting better for home buyers as mortgage rates continue to rise and housing inventory remains challenging. Yes, homes are still moving, being bought and sold, and transactions are happening but conditions are not what we’d love them to be. Why? Largely

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Jobs and Lots of Important Reports Coming Out This Week…

If you’ve been following economic news, then you likely have seen the headlines that mortgage rates continue to climb. According to Freddie Mac’s most recent survey of average rates, published last week, the 30-year rate has risen to its highest level since 2001. This precipitous climb over the past few weeks has come largely as

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Market Volatile as Fed Meeting Looms

Thanks to hotter-than-expected inflation numbers last week, mortgage rates continued their climb to levels not seen in 14 years, according to Freddie Mac’s latest survey of average rates. Despite higher rates, buyers are still in the market for homes and inventory remains tight.  Remember, there are always various financing options available when it comes to

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