I hope you had a wonderful Thanksgiving holiday surrounded by those you love! Of course, now we’re back at it and there’s lots happening in markets this week. We got an early pre-Thanksgiving Day look at the trend in interest rates, thanks to Freddie Mac’s weekly survey. Rates have remained rather steady in recent weeks,
As has been the new trend, mortgage rates again moved up slightly last week as we watched the 10-year Treasury yield percentage move up as well. Optimism is building as we’re seeing new covid cases declining and consumer optimism increasing. Even as mortgage rates are rising slowly, we continue to see a brisk housing market
Following the Fed’s talk about tapering its bond buying purchases – which help mortgage rates stay low – the 10-year Treasury yield and in turn mortgage rates rose last week. According to Freddie Mac’s latest survey, the average rates for a 30-year mortgage rose .13 percent. We’ve seen greater volatility in rates this week with
There’s so much to discuss this week, so let’s dive in! First of all, mortgage rates remained rather steady last week as markets awaited the comments and fallout from the Fed’s meeting in Jackson Hole, Wyoming. The comments following the meetings by Fed Chair Jerome Powell revealed that the members are talking about tapering their bond buying program
We’re seeing some wider swings in markets so far this week as we await an important jobs report on Friday, and concern grows over covid variants, all of which is affecting bonds and mortgage rates this week. Last week, mortgage rates moved mostly sideways according to Freddie Mac’s latest survey of average rates and so
I hope you had a nice, long holiday weekend and got to enjoy some summer fun and festivity! As we get the week rolling, markets continue to digest Friday’s Jobs Report where we saw a much more robust than expected number for new job creation. Payrolls rose 850,000 in June, above the consensus of 703,000.
The strengthening economy and elevated inflation pushed mortgage rates slightly higher last week, according to Freddie Mac’s weekly survey. “Mortgage rates have risen above three percent for the first time in ten weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “…we expect that rates will continue to gradually rise in the second half of the
As a nice kick-off to summer, the survey of average mortgage rates showed a little improvement last week as we headed off for the long Memorial Day Weekend. According to Freddie Mac’s weekly survey, average mortgage rates fell by .05 percent in their survey. There’s lots of talk in the media about housing and whether
We’ve watched as mortgage rates have remained rather steady over the past three weeks and according to Freddie Mac’s weekly survey, averages remained below 3 percent for the 30-year fixed. Friday’s job creation numbers dragged on markets showing a disappointing 266,000 new jobs created when a number much closer to 1 million was expected. Interestingly
Last week, mortgage rates remained rather steady. And according to the latest survey published by Freddie Mac, the average fixed rates remain below 3 percent, continuing to offer opportunities to refinance or purchase. However, there may be changes happening on the horizon that we need to be aware of. As we all know, inventory of homes remains a
