Hope you are having a great week! We saw mortgage rates remain rather steady last week, even in the face of a very encouraging and robust Jobs Report. Friday’s report on the nation’s employment picture showed new job creation come in just shy of 1 million while the unemployment rate ticked lower and the number
The demand for homes continues to show strength as Americans’ idea of ‘home’ has shifted during this pandemic. Demand still outpaces supply, even as the average mortgage rates rise, according to the latest survey published by Freddie Mac. This week will likely be an exciting ride for markets and mortgage rates as we see the
Mortgage rates continued to inch higher last week according to Freddie Mac’s weekly survey of rates. We expect to see this trend continue as the yield on the 10-year Treasury bill moves higher as well. Despite rates moving a little higher, the housing market continues to be red hot and experts are predicting a brisk
Last week was quite the roller coaster ride for markets as the 10-year Treasury bond yield rose, pushing mortgage rates slightly higher with it. Inflation concerns were the main factor. According to Freddie Mac’s weekly survey of average mortgage rates, the average rate for a 30-year mortgage rose just .03 percent as optimism about the economy, vaccination rates, and additional government stimulus on the way fueled inflation fears.
Since enjoying all-time lows over the past few months, average mortgage rates have steadily risen, coming up by an average of .30 percent since the lowest point in January. Regardless, home purchase activity remains brisk and we continue to expect a hot spring sales season for home buyers and sellers. We anticipate the trend for
As you may have heard in the news, mortgage rates did rise some last week as optimism in the economy’s recovery gained momentum and inflation fears remained alive and well. As we know, inflation is the archenemy of bonds and can cause rates to rise. Funny thing is, we got some data late in the week that inflation remains
It’s been quite a week so far as mortgage rates continue to move higher in response to the yield percentage on the 10-year Treasury note rising rather rapidly. What’s happening? The markets are responding in large part to rising inflation concerns and increased government spending which increases the amount of bonds on the market, driving
Mortgage rates remained largely unchanged last week until Friday when we saw a bump higher as the effect of rising 10-year Treasury yields spilled over into mortgage pricing. This week we started off with markets closed on Monday in observance of President’s Day. As for economic reports we get looks at inflation, retail sales, and
Have you started thinking about the holidays yet? Just thought I’d let you know Christmas is 64 days from today! Now that you’re freaking out about that…you won’t even notice that mortgage rates crept a little higher last week as we saw a bit of a reversal of the trend of lower rates we’ve enjoyed
Hope your week is off to a great start! Some good news here about mortgage rates…according to the latest survey of average rates released by Freddie Mac, both the 30-year and 15-year continued to drift lower last week to levels not seen since October 2016. Even with Friday’s stinker of a Jobs Report, unemployment remains
