It’s in times like these, with rates moving consistently higher, it makes publishing this weekly newsletter difficult because I wish I had some fantastically good news to share with you. BUT, I actually do have some good news and some real talk too. First, we saw some slight improvement in rates last week, which has
As we continue to watch events unfold in Ukraine and rising inflation here at home, the volatility in markets and mortgage rates continues. And in addition to the already skittish markets, we’ve got an important Fed Meeting this week. Following two weeks of declines, the latest trend in mortgage rates, as reported by Freddie Mac
As we watch the horrific scene unfolding in Ukraine our hearts go out to those fighting for and fleeing their country. Please join me in sending prayers and support to those affected. This geopolitical tension has destabilized markets here and led to investors seeking safer places to put their money, which means moving out of
Lots to unpack in this update to help you understand what’s happening globally and how it trickles down to affect the mortgage rate you could be paying on your next home finance or refinance. As you know, the Russian-Ukrainian conflict continues and looks to be escalating. The stock market doesn’t like the geo-political uncertainty, especially
We are tracking lots going on here at home and globally that are creating more volatility than normal in markets and mortgage rates. Last week we saw mortgage rates rise again thanks to high inflation numbers and stronger than expected consumer spending. The average rate trend for the 30-year fixed mortgage is nearing four percent,
Before we dive into what’s happening this week, I’ve got some BIG news! We are now doing loans in the state of Colorado! If you or someone you know is in the market, we’d love to help you out. And now back to your weekly update… Last week was a wild week once again as
News of rising inflation pounded markets that had previously been shrugging it off month after month thinking it was “transitory” as the Fed called it. Well, last week’s reports on consumer prices showed them rising an unexpected 6.2 percent year-over-year, a level that traders could no longer ignore. Since then, rates have risen in response as bond investors watched
Going into last week’s Fed Meeting, mortgage rates had remained steady for the past couple months. We’ve watched U.S. Treasuries becoming more popular with foreign investors as the global economy has struggled to recover amidst the pandemic. This has helped mortgage rates stay low, along with the Fed’s stimulus buying of mortgage backed securities. Well,
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
Well, this is a nice surprise! I get to report that last week, average mortgage rates improved for both the 30-year fixed and 15-year fixed, according to Freddie Mac’s weekly survey of rates. So, what gives? We saw the yield percentage on the 10-year Treasury fall and when that happens, often mortgage rates will follow
