Big changes are happening in the mortgage market! Last week, we saw mortgage rates drop to their lowest levels in almost a year. This is a significant development and a major reason for optimism as we head into this week’s Federal Reserve meeting. Low Rates Drive High Activity This downward trend in rates, which has
Hope you’re having a great week! Here’s your update on what’s happening in the markets because it’s certainly been an interesting time. Good news first: we’ve seen mortgage rates continue their downward trend, hitting their lowest levels in four months! As of February 27th, Freddie Mac’s weekly survey reported the 30-year fixed-rate mortgage trended lower
Happy Fall! I’m stopping by today to share some exciting updates in the mortgage market that could present some fantastic opportunities for you. The Fed Takes Action As you may have heard, the Federal Reserve recently made a significant move by cutting the Fed funds rate by half a percent. This is the largest cut
Good news! Mortgage rates have continued their recent downward trend, reaching their lowest levels in five months. Also, the average rates for the 15-year and 30-year fixed are lower now than they were a year ago by .13 and .07 percent, respectively, according to Freddie Mac’s weekly survey. This is welcome news for homebuyers who
Good news first…mortgage rates continued to improve last week; however, we saw some conflicting signals that are impacting rates: The Fed: Higher for Longer, But Maybe Not Forever The Federal Reserve met last week and surprised many by indicating they might not cut rates as much as previously expected. While they’re sticking to their plan
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
For now the sixth week in a row, mortgage rates continue to improve, according to the weekly survey of average mortgage rates published by Freddie Mac. Signs are showing buyers returning to the market but not yet in droves. For savvy buyers, now might be an opportune time to be in the market! Part of
As we’ve seen mortgage rates continue to drop, now, for the fifth week in a row, buyers are beginning to come back in the housing market, as reflected in the rise of applications for new mortgages. Signs are also showing up in the wider market to support mortgage rates improving, like the 10-year Treasury yield
I hope you had a wonderful Thanksgiving holiday! This time of year can be a little crazy in the financial markets as trading volume drops off because traders take time off for the holidays and so we often see increased volatility because smaller moves make bigger ripples when trading volume is lower. Nevertheless, mortgage rates continued
So much to be thankful for this Thanksgiving, including a third straight week of improving mortgage rates, making right now an incredible opportunity to pop back into the housing market if you’ve been waiting on the sidelines. Rates have improved, but we haven’t yet seen a rush of home buyers increasing competition and prices as
