Tag Archives: mortgage

Pacific Financial Mortgage

Are You Considering a Second Home or High Balance Mortgage??

First, let me start with an important announcement…for all newly originated second home and high balance mortgages the fees are going up substantially for all loans locked in after February 9th. So, if this might be you and you’re thinking of purchasing this year, please reach out to me right away so we can save

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Pacific Financial Mortgage

Rates March Higher but Not as Bad as It Could Be…

Fortunately, we did not see bond markets react too drastically over last week’s inflation report revealing prices at the consumer level have increased 7 percent, outpacing wage increases. You’d have to go back 30-40 years to see inflation at these levels! And, we’re expecting it to continue at least for the next couple of months

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Pacific Financial Mortgage

Considering a Second Home? Important Update!

Thanks to a tight labor market and rising inflation rates, mortgage rates moved higher last week amidst market volatility. According to the latest survey put out by Freddie Mac, average mortgage rates trended up to levels not seen since May 2020. We have yet to see any effect on demand for homes given the growth

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Pacific Financial Mortgage

Looks to Be a Happy New Year for Housing!

Hope you’ve enjoyed your holiday season and now we’ve turned the page to a new year. Unbelievable, right!? Mortgage rates moved sideways for much of the end of 2021 but since the beginning of this year on Monday, they’ve moved higher due in large part to economic data showing an economy becoming stronger and consumer

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Pacific Financial Mortgage

In Housing It’s the Best of Times and the Worst of Times…

First, I want to let you know how thankful we at Pacific Financial are for you and grateful to be part of your life. Please know that we are here to serve you on your journey through home financing, however we can. I hope you have a wonderful Thanksgiving surrounded by those you love most.

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Pacific Financial Mortgage

Markets Can No Longer Ignore This…

News of rising inflation pounded markets that had previously been shrugging it off month after month thinking it was “transitory” as the Fed called it. Well, last week’s reports on consumer prices showed them rising an unexpected 6.2 percent year-over-year, a level that traders could no longer ignore. Since then, rates have risen in response as bond investors watched

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Pacific Financial Mortgage

Important Fed Meeting & Jobs Report…How Will Rates React?

As has been the new trend, mortgage rates again moved up slightly last week as we watched the 10-year Treasury yield percentage move up as well. Optimism is building as we’re seeing new covid cases declining and consumer optimism increasing.  Even as mortgage rates are rising slowly, we continue to see a brisk housing market

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Pacific Financial Mortgage

It’s Taking an Average of Just 17 Days to Sell!

As the economy approves and the pandemic continues to be a concern, mortgage rates increased in this week’s survey, yet again. We saw in reports last week that the availability of existing homes is improving, which is good news for buyers even as rising interest rates may slow things down a bit. However, just to

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Pacific Financial Mortgage

Even with Uptick, Rates Remain at Historically Low Levels

Last week we saw evidence – in the reports on consumer and wholesale prices – that inflation continues to rise and as we know, this can often cause a rise in rates. This seems to be the case as the latest survey on average mortgage rates, published by Freddie Mac, reported that the average rate

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