Tag Archives: job report

An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Rates on Flattest Trend We’ve Seen in a Long Time

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

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Rates Ping-Pong as Market Waits on Fed & Jobs

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

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Important Jobs Report Comes Out This Week…

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,

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