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
What goes up sometimes comes down, and that’s what happened over this last week with mortgage rates as we saw Treasury yields decline. According to the weekly mortgage rate survey published by Freddie Mac, average mortgage rates had the latest one-week drop since last November, which is great news for home buyers. As we know,
Happy to report that last week, the Fed did not raise its interest rate, and long-term interest rates, such as mortgages, leveled off. According to the latest look at average mortgage rates, they’ve improved to their best levels in a month. But what happens next? Well, it partly depends on what the Fed does next,
Welcome to November! Fortunately, with the holiday season upon us, we have other fun things to focus on because the markets and mortgage rates continue to spook us, like picking up those mushy pumpkins after Halloween is over. Ick! And this week will be no exception; with an uncommon combination of high-impact events, we’re likely
There’s no way to sugarcoat or put an optimistic spin on the news these days, and the news of mortgage rates is no different. Mortgage rates continue to rise, and we continue to see economic headwinds that don’t give any indication this trend will reverse anytime soon. Listen, I’ve been in the mortgage business for
Don’t look now, but rates continue to rise as geopolitical uncertainty continues to increase due to the conflict in Ukraine and the war in Israel. However, here at home, the economy and incomes continue to grow even as the housing market becomes less affordable. As a result, the housing market is seeing less purchase demand.
