Tag Archives: new home sales

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Mortgage Rates Taking a Breather… What’s Next?

Hope you’re having a wonderful week! Just wanted to keep you in the loop on the mortgage and housing markets. They’ve been a bit unpredictable lately, kind of like trying to guess what to make for dinner! (Anyone else relate? 😅) But there’s good news – things seem to be stabilizing, at least for the

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Exciting News in the Mortgage Market! Rates Improving!

Happy Fall! I’m stopping by today to share some exciting updates in the mortgage market that could present some fantastic opportunities for you. The Fed Takes Action As you may have heard, the Federal Reserve recently made a significant move by cutting the Fed funds rate by half a percent. This is the largest cut

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Mortgage Rates: Mixed Signals, But Hope Remains for Homebuyers!

Good news first…mortgage rates continued to improve last week; however, we saw some conflicting signals that are impacting rates: The Fed: Higher for Longer, But Maybe Not Forever The Federal Reserve met last week and surprised many by indicating they might not cut rates as much as previously expected. While they’re sticking to their plan

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Mortgage Rates See Positive Signs, But Important Data Still Looms!

Good news! Last week, mortgage rates reached their best levels in over a month! Let’s break down what caused rates to improve for the second consecutive week and what to watch for in the coming days. Remember the big inflation report from April that sent rates soaring? Well, the good news is the latest report

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Markets Hold Collective Breath Ahead of Next Week…

Hope your week is off to a great start! I want to give you a quick update on the housing market, interest rates and what that might mean for your home financing goals. Overall, it’s a pretty quiet week in terms of major economic data, so in large part markets will likely be pretty quiet

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Seeing Lotsa Volatility

Although mortgage rates have remained in a rather narrow range throughout the beginning of this year, we’ve seen a great deal of volatility as interest rates in the larger economy have moved all over the place since 2024 started. What’s going on that’s driving this volatility? By the looks of it, much of the volatility

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Mortgage Rates, Market Trends, and Your Next Home

Mortgage rates continued to move sideways this last week, according to the latest survey of average rates published by Freddie Mac. After watching average mortgage rates drop by more than a percentage point in October and December, we all got excited to see rates continue to fall, but they haven’t. They also haven’t gone back

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The Fed’s Holiday Gift…

Last week, at the wrap-up of their meeting, the Fed delivered the gift the markets have been asking for, a decision to pause interest rate hikes and bond-friendly remarks about the economy. As a result, mortgage rates tumbled, improving to levels not seen in many months. “Given inflation continues to decelerate and the Federal Reserve

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Still Thankful for Improving Rates!

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

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Uncommon Combo of High Impact Events This Week…

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

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