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
Continued uncertainty and volatility in both stock and bond markets have pushed mortgage rates even higher. According to Freddie Mac’s survey data of average rates, the range of rates for a 30-year fixed rate mortgage has more than doubled since this time last year. Ouch! As we all know, though, people are still buying, selling,
Even as we see the average mortgage rates continue their trend higher, according to Freddie Mac’s weekly survey, data continues to show the strength of the housing market. Yes, there is still re-balancing happening in housing; and yes, of course rising rates are impacting affordability and buyers’ decisions. However, people are still buying homes, selling
Thanks to hotter-than-expected inflation numbers last week, mortgage rates continued their climb to levels not seen in 14 years, according to Freddie Mac’s latest survey of average rates. Despite higher rates, buyers are still in the market for homes and inventory remains tight. Remember, there are always various financing options available when it comes to
Let me just say that Tuesday’s plummet by the Dow Jones Industrial Average (of nearly 1,300 points) and S&P averages on the stock market was not what I was expecting with the release of the latest consumer inflation numbers. However, I guess traders did not expect core inflation – which leaves out food and energy
As we’ve been pointing out, the housing market is shifting and the data I’m seeing continues to provide proof. Realtor.com reported that the time homes for sale are on the market increased 5 days more than last year at the same time, however, homes are still selling 22 days faster than they did pre-pandemic. Home
Mortgage rate volatility is still a thing as we saw rates whipsaw higher last week. Average rates as reported by Freddie Mac’s weekly survey showed a .42 percent increase for the 30-year fixed and .30 percent rise for the 15-year, which is a greater than typical move in rates. The data coming in continues to
Believe it or not, I actually have some good news to report when it comes to inflation and mortgage rates. First, mortgage rates improved a little last week, according to the latest survey of average mortgage rates reported by Freddie Mac. Now, as we know rates can be volatile and I don’t believe this is
Volatility reigned last week, leaving mortgage rates higher once again, according to the weekly survey of average mortgage rates put out by Freddie Mac. Even though rates have been bouncing around, data continues to show that the housing market continues to move to a more balanced environment. Declines in demand for home purchases continue to
As the tug of war between inflation pressures and a slowdown in the economy leave mortgage rates in a volatile trend, Freddie Mac’s weekly survey of average rates showed that rates experienced an impressive improvement last week. However, most of those gains have been erased as markets digest Friday’s Jobs Report and other strong data
