Fortunately for home buyers, even as home prices continue to appreciate, mortgage rates are trending lower as the economy continues to mend despite concerns around the pandemic and its trajectory. According to the latest survey of mortgage rates by Freddie Mac, the average rates for both the 30-year and 15-year average dropped .10 percent just
Tag Archives: homebuyer
This week, as we head into the unofficial start of summer with the Memorial Day Holiday, I want to pause and honor all those and their families that have served our country with their military service. Thank you and we honor you! I hope you all have a fabulous long weekend and that wherever you
Last week was quite the roller coaster ride for markets as the 10-year Treasury bond yield rose, pushing mortgage rates slightly higher with it. Inflation concerns were the main factor. According to Freddie Mac’s weekly survey of average mortgage rates, the average rate for a 30-year mortgage rose just .03 percent as optimism about the economy, vaccination rates, and additional government stimulus on the way fueled inflation fears.
We all know that an important part of *adulting* is buying and owning a home. But the cost of homes here in SoCal leads many would-be homeowners I talk to, to question that. How about you? If you are on the fence about whether it’s important to own a home, this article is for you.