Continuing their sideways trend, mortgage rates hung out within the same .10 percent range over the last week, according to Freddie Mac’s weekly survey of average rates. Analysts are finally seeing the issues over the debt ceiling to have a visible impact on longer-term bonds, which may translate to lower interest rates. We’ll have to
Over the past week, mortgage rates have continued to move in the narrow range I’ve been talking about. When Freddie Mac’s survey came out late last week, average rates for the 30-year and 15-year fixed-rate mortgages were down. Then after some encouraging pieces of the Retail Sales report, which showed online sales rising to their
Rates remain in the flattest trend they’ve seen in a long time. It may not seem like it if you’re looking at the up and down gyrations of rates day to day, but the trend since Q4 2022 has been in and around the mid-6 percent level for a 30-year fixed rate mortgage, for the
Just since Thursday’s release of Freddie Mac’s survey of average mortgage rates we’ve seen rate volatility bounce up and down like a ping-pong ball. Freddie Mac’s survey reported a moderate increase in rates for the week. Friday showed a little improvement, then Monday we saw a sell-off in the bond market, which caused rates to
Market uncertainty and shifting expectations led to a turnaround in mortgage rates last week. Freddie Mac’s weekly survey reported an increase in the average rates for the 30-year fixed and 15-year fixed. As of the writing of this email, rates are trending toward improvement…but as you know, can change at any time. With an impending
Like a gift that shows up just in time, mortgage rates showed improvement for the third week in a row, offering the gift of greater opportunity and affordability for home buyers venturing out for this year’s peak home-buying season. According to Freddie Mac’s latest survey of average rates, the 30-year fixed rate improved by .10
Once again, it’s been an interesting week as last Friday we saw mortgage rates hit their lowest levels in over 6 weeks as investors continued to brace themselves for bad news in the banking sector. Uncertainty like this draws investment funds out of the stock market into the bond market, which in turn can help
The volatility in rates and financial markets gave us a nice improvement in mortgage rates over the past two weeks. However, now as fears about the banking sector subside somewhat we’ve seen rates move back up again out ahead of an important Fed Announcement this week. Watching the markets over this last week is a
Just in time for Thanksgiving last week, rates ticked lower by a nice margin, providing a welcome improvement for buyers ready to lock in. In fact, rates have been hovering near 2-month lows! By the way, if you would like me to be watching mortgage rates for you, let’s talk and figure out the best
Well, this is fun…we watched mortgage rates improve quite drastically last week due to surprisingly optimistic inflation data. In fact, according to the weekly mortgage rate survey published by Freddie Mac, the average rate for a 30-year fixed mortgage fell by .47 percent. As we head into the long Thanksgiving Holiday weekend, I expect mortgage
