Well, it’s been another interesting week in the world of mortgages and real estate, hasn’t it? As we navigate the spring buying season, I wanted to share a quick update on what’s been happening in the market and what it might mean for you, whether you’re a current homeowner, a prospective buyer, or a valued
Hey there. I wanted to touch base and share a quick update on what I’m seeing in the mortgage and housing markets. It’s been a bit of a rollercoaster lately, but thankfully, we’ve seen a welcome period of calm settle in after some significant market movements. It was certainly reassuring to the markets to hear
Hope you’re having a great start to April! I’m popping in to keep you informed about the latest happenings in the mortgage and housing market. It’s a dynamic time, so staying in the loop is crucial, whether you’re ready to make a move now or in the future. This past week, we’ve seen mortgage rates
Happy New Year! I hope you had a wonderful holiday season. As we kick off 2025, I wanted to give you a quick update on the mortgage market and what we might expect in the coming months. The January Effect Interest rates ended 2024 around 7 percent – higher than many analysts anticipated for the
Hope you’re having a wonderful week! I wanted to share some important updates on the mortgage market and discuss how these trends could translate into real savings for you. Interest Rates: A Rollercoaster Ride (But Heading in the Right Direction!) As you may have heard, interest rates have been fluctuating lately. While they ticked up
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
The Federal Reserve’s latest moves have created some uncertainty and confusion in the markets, and as we know, uncertainty creates volatility. While Fed Chair Jerome Powell hints at 3 potential rate cuts in 2024, Atlanta Fed President Rafael Bostic sees only one cut on the horizon. This disharmony among Fed members contributes to market volatility.
The upward trend that we’ve seen for rates over the last four weeks continued last week, according to the latest survey of average mortgage rates by Freddie Mac. Fortunately, the inflation data that came out last week – the PCE Index, which is the Fed’s favorite gauge of inflation – met expectations at 2.8 percent
Wow, what a wild ride for mortgage rates last week! Let’s unpack what happened and what it means for you. First, the Fed meeting adjourned on Wednesday afternoon, and as expected, they paused a hike of its key interest rate (called the Fed Funds Rate). The bond market reacted favorably, and as a result, mortgage
Happy New Year! May 2024 be your best year yet! On that note, if you’re planning a home purchase, mortgage rates have dropped to their best levels since last May. And interestingly, the 10-year Treasury Note – which mortgage rates often follow – ended 2023 at similar levels as it started 2023. Mortgage rates behaved
