As your trusted mortgage pro, I always want to keep you informed about what’s happening in our ever-changing market. We’ve seen some interesting developments recently, and I’m here to share a quick update. This past week, interest rates remained relatively stable, with the 30-year fixed mortgage rate hovering just .03 percent higher than last week.
Well, it’s been another interesting week in the mortgage world! As we head into the spring homebuying season, things are definitely picking up, and it’s essential to stay informed. First off, let’s talk rates. We saw a slight uptick this week, a bit of a pause after weeks of downward movement. This isn’t unexpected. Global
The markets and mortgage rates, too, have been on a seesaw ride of volatility as high-impact economic data and geopolitical events in Israel have increased uncertainty about the economy and the Fed’s next move. Let’s break it down… As you know, last week, we saw a parade of employment reports come out, which can often
Last week’s ‘bad’ news is good news for mortgage borrowers as we saw a nice improvement in rates. The weekly survey of average mortgage rate published by Freddie Mac showed rates breaking their momentum higher following worse than expected news from a leading indicator in the job market, inflation, and consumer confidence. The JOLTS report,
