Hope you’re having a great start to your week! As we continue to navigate the ever-evolving housing market, I wanted to share a quick update on some key factors influencing things right now. Last week, interest rates held steady, and Freddie Mac reported the average 30-year fixed-rate mortgage at .30 percent lower than this time
Hope you’re having a great week! Popping in to keep you updated on the latest happenings in the mortgage and housing markets. This week, the Federal Reserve’s decisions are playing a significant role in shaping the landscape. The Fed held steady on interest rates at their meeting last week, but their announcement to pause the
Hope you’re staying warm and enjoying your week! I’m checking in with a market update. I know things can feel a little uncertain out there, but as always, I’m here to help you make sense of it all. This week brought some encouraging news on the interest rate front. We saw some improvement, reaching levels
As we get rolling after a holiday-shortened week, thanks to the observance of Martin Luther King Jr. Day, I have some encouraging news to share about mortgage rates, plus a quick look at what’s happening in the housing market. My thoughts and prayers continue to go out to all our friends, clients, and the communities
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
Good news! Mortgage rates have continued their recent downward trend, reaching their lowest levels in five months. Also, the average rates for the 15-year and 30-year fixed are lower now than they were a year ago by .13 and .07 percent, respectively, according to Freddie Mac’s weekly survey. This is welcome news for homebuyers who
Happy belated Fourth of July! I hope you enjoyed celebrating our nation’s independence with your loved ones. A Look Back at the First Half of 2024 The good news is that home loan rates closed out the first half of the year on a positive note, reaching their lowest levels since early April. This improvement
This week marks the beginning of the second half of 2024. It’s also a holiday-shortened week as we celebrate July 4th, Independence Day on Thursday. In the meantime, let’s talk about the mortgage and housing markets as we head into the second half of 2024. Inflation: A Global Challenge Inflation remains a top concern for
Good news first…mortgage rates continued to improve last week; however, we saw some conflicting signals that are impacting rates: The Fed: Higher for Longer, But Maybe Not Forever The Federal Reserve met last week and surprised many by indicating they might not cut rates as much as previously expected. While they’re sticking to their plan
Last week mortgage rates dipped to their lowest levels in two months! Let’s break down what caused this shift and what to watch for in the coming days. The Economy Slows Down Recent economic data paints a picture of a slowing economy. This has helped to cool inflation fears, a major factor influencing interest rates.
