Rates remain in the flattest trend they’ve seen in a long time. It may not seem like it if you’re looking at the up and down gyrations of rates day to day, but the trend since Q4 2022 has been in and around the mid-6 percent level for a 30-year fixed rate mortgage, for the
Just since Thursday’s release of Freddie Mac’s survey of average mortgage rates we’ve seen rate volatility bounce up and down like a ping-pong ball. Freddie Mac’s survey reported a moderate increase in rates for the week. Friday showed a little improvement, then Monday we saw a sell-off in the bond market, which caused rates to
As we kick off a new month, we’re seeing further evidence of the normalizing of the housing market. Yes, there’s still lots of doom and gloom in the media about housing. No, we don’t like change and uncertainty in the markets, but the truth is the housing market is becoming increasingly favorable for buyers. No,
