Tag Archives: mortgage

Pacific Financial Mortgage

Housing Market Expecting Brisk Spring Home Buying Season, Despite Rates

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

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Pacific Financial Mortgage

Rates Remain Favorable, Despite Rising Steadily. What’s Next?

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

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Pacific Financial Mortgage

Rates ticked higher last week…but not for long

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

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Pacific Financial Mortgage

Mortgage Rates Begin Holiday-Shortened Week Higher on COVID Case Count Optimism

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

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Rates drift lower to levels not seen since October 2016, survey says.

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

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Mortgages for the Rest of Us

Having a traditional W-2 income job is great for qualifying for a traditional mortgage but the truth is that it’s becoming more and more rare in our modern economy. And fortunately for the many of us without traditional W-2 income jobs, the mortgage industry is slowly catching up with the times. Would-be homebuyers that have

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Spring & Summer Housing Market Shaping Up to Be Better than We Thought

You may have heard news headlines over the past month or so that mortgage rates have been rising. If this has you worried about your plans to buy a home over the next few months, let’s talk facts. The truth is that yes, rates have risen, but only slightly, and they remain lower than they

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Understanding Your FICO Score So You Can Buy a Home

So often I hear from first-time homebuyers that they are either unsure or downright scared of their credit score and what it might be. Well, in this article I want to demystify it all for you so that we can chase away that uncertainty and fear away with knowledge. We’re going to go through what

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What you need to know…Housing Heating Up, Rates Trending Lower…for now

All you need to know about the latest mortgage rate and housing trends The stock markets are trending toward a little more safety and conservatism since the last Fed Meeting where the Members expressed some concern over the prospect of slowing growth in the economy. Yet, the economy is still cranking out new jobs and

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