Tag Archives: oil prices

An image of mountains and palm trees that says Weekly Mortgage Market Update - Pacific Financial Mortgage & Real Estate Inc.

Mortgage Rate Update: A Mixed Bag, But Hope Remains!

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Happy belated Fourth of July! I hope you enjoyed celebrating our nation’s independence with your loved ones. A Look Back at the First Half of 2024 The good news is that home loan rates closed out the first half of the year on a positive note, reaching their lowest levels since early April. This improvement

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An image of mountains and palm trees that says Weekly Mortgage Market Update - Pacific Financial Mortgage & Real Estate Inc.

Mortgage Rates: Higher for Now, But Data Still Holds the Key

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Welcome to June! Let’s talk about mortgage rates…This past week, rates unfortunately moved higher due to a few key factors: • Treasury Department Needs More Revenue: The government needs to sell more debt to fund spending, and recent auctions haven’t been as strong as hoped. This pushes interest rates higher.• Fed Signals Higher Rates for

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