Tag Archives: mortgage market

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Mortgage Market Update & Support for Wildfire-Affected Communities 🏡

I hope this message finds you safe and well. My heart goes out to those impacted by the devastating local wildfires in California. What we’ve witnessed over this past week has been unimaginable! It’s during times like these that community support becomes more important than ever. Important Information for Wildfire-Affected Homeowners: If you’ve been affected

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Mortgage Rate Update: A Mixed Bag, But Hope Remains!

Happy belated Fourth of July! I hope you enjoyed celebrating our nation’s independence with your loved ones. A Look Back at the First Half of 2024 The good news is that home loan rates closed out the first half of the year on a positive note, reaching their lowest levels since early April. This improvement

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Jobs and Lots of Important Reports Coming Out This Week…

If you’ve been following economic news, then you likely have seen the headlines that mortgage rates continue to climb. According to Freddie Mac’s most recent survey of average rates, published last week, the 30-year rate has risen to its highest level since 2001. This precipitous climb over the past few weeks has come largely as

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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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