As mortgage rates remain elevated to start the year, we’re seeing buyers step back to the sidelines to wait and see what this year will bring for the housing market and mortgage rates. This is typically a slower time of year for housing sales and mortgage applications, so it’s not that surprising, however, this year
Happy 2023 friend! I hope your holiday season was magical! We had an especially magical Christmas and welcomed our baby girl Catherine on December 19th. She is perfect in every way and we are loving being parents. We couldn’t be happier! And now, it’s time to get down to the business of a new year!
As 2022 winds down and the holidays are upon us, I want to pause and let you know how grateful I am for you, for your business, your partnership and that we have the opportunity to work together. Even with all the challenges of this year, getting to work with amazing people like you makes
Concerns over lackluster economic growth allowed the trend for mortgage rates to continue to improve for the fourth consecutive week. According to Freddie Mac’s latest survey, it’s been since 2008 that rates have seen the decline we’ve seen over the last four weeks! Increased buyer activity has not shown up in the numbers yet, however,
Once again, happy to report that for another week the trend in mortgage rates has been one of improvement! The recent optimism in markets that inflation may be improving has led to a decrease in rates. And combined with softening housing prices, this looks to be a more favorable buying environment than we’ve seen in
Just in time for Thanksgiving last week, rates ticked lower by a nice margin, providing a welcome improvement for buyers ready to lock in. In fact, rates have been hovering near 2-month lows! By the way, if you would like me to be watching mortgage rates for you, let’s talk and figure out the best
Well, this is fun…we watched mortgage rates improve quite drastically last week due to surprisingly optimistic inflation data. In fact, according to the weekly mortgage rate survey published by Freddie Mac, the average rate for a 30-year fixed mortgage fell by .47 percent. As we head into the long Thanksgiving Holiday weekend, I expect mortgage
There are lots of interesting data points to cover this week so let’s dive in. First, we saw mortgage rates resume their trend higher with the average rate for a 30-year fixed rate in Freddie Mac’s weekly survey surpassing 7 percent. The housing market continues to evolve and change and we’re seeing home sales fall.
The nation’s housing market continues to cool down and shift as mortgage rates seem to be trending around an average of 7.0 percent for a 30-year fixed, according to Freddie Mac’s weekly survey. The Federal Reserve continues to attempt to combat inflation and raised the Fed Funds rate once again last week at its meeting.
As we turn the page and begin a new month, we see mortgage rates continuing to rise this week, and according to Freddie Mac’s survey, the average rate for a 30-year fixed mortgage has broken above 7 percent for the first time in 20 years. Take heart though, history shows us that it could be
