Hope you’re having a fantastic week! I wanted to share some interesting updates on the mortgage and housing market. Things are shifting, and it’s a good time to be in the know. Good News! — Mortgage rates are down! Rates are holding steady at the best levels of the past few weeks, making homeownership more
Hope you’re doing well! Things have been buzzing in the mortgage world, so I wanted to share some insights and keep you in the loop. Interest Rates: A Bit of a Rollercoaster Remember those low rates back in September? We’re still a bit higher than that, but the good news is they seem to be
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
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
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
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
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
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
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
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
