Tag Archives: new home sales

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

Rates improve for the 3rd week in a row!

Luckily for the summer home-buying frenzy, mortgage rates have continued to decline. In fact, according to Freddie Mac’s weekly survey of average rates, since their peak in April, mortgage rates have declined by .30 percent. Not bad! But how long will this last? It’s an interesting question because many market experts believe rates are remaining

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Pacific Financial Mortgage

Why’s it hard to buy now? Housing market is as hot🔥 as the Summer Sun!😎

This week, as we head into the unofficial start of summer with the Memorial Day Holiday, I want to pause and honor all those and their families that have served our country with their military service. Thank you and we honor you! I hope you all have a fabulous long weekend and that wherever you

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Pacific Financial Mortgage

We could see some increased volatility in rates and markets this week…

Mortgage rates again improved slightly last week, although volatility this week could lead to rates bouncing around a bit. According to the weekly survey put out by Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by .04 percent.  Keep in mind that rates on average are still about .25 percent lower

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Pacific Financial Mortgage

Mortgage rates rode a healthy down-trend last week

Despite inflation pressures showing up in the data last week, mortgage rates rode a healthy down-trend last week, according to Freddie Mac’s weekly rate survey of average rates. Sam Khater, chief economist explained it this way, “the economy is improving on the demand side and on the supply side, a variety of goods and materials

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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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Housing Outlook

Outlook for Housing & Mortgage Market for 2018

Interested to know what’s expected for the new year in terms of real estate and mortgage rates? Me too! I’ve been reading up on what the experts I respect see happening in the new year and one foundational theme I’m seeing is that we could see some shifting and changing in housing and mortgages in

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Fed raised rates, mortgage rates moved lower. Say what?

Since my last post in mid-March we’ve seen some interesting developments in the mortgage market, namely that since the Fed raised its key interest rate, mortgage rates actually improved some, dropping to the lowest levels all month. It was certainly a nice gift! Let’s recap what’s been happening. So, back on March 15th the Federal

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