Tag Archives: pce index

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

Good News on Rates + What’s Happening in the Housing Market

Hope you’re having a great start to May! Welcome to Wednesday. I wanted to touch base with a quick update on the mortgage market and what some of the recent economic news means for you, whether you’re a current homeowner, thinking of buying, or a valued referral partner. We’ve seen some encouraging movement in interest

Read More

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

Navigating Today’s Housing Market Together

Well, it’s been another interesting week in the world of mortgages and real estate, hasn’t it? As we navigate the spring buying season, I wanted to share a quick update on what’s been happening in the market and what it might mean for you, whether you’re a current homeowner, a prospective buyer, or a valued

Read More

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

Market Moves & Mortgage Musings – Let’s Chat!

Well, it’s been another interesting week in the mortgage world! As we head into the spring homebuying season, things are definitely picking up, and it’s essential to stay informed. First off, let’s talk rates. We saw a slight uptick this week, a bit of a pause after weeks of downward movement. This isn’t unexpected. Global

Read More

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

Market Update & A Look Ahead 🏡

Hope you’re having a great week and a wonderful holiday season! I wanted to share some insights on the mortgage market and what might be in store for us in the coming months. Interest Rates Good news! Mortgage rates have been declining for the past few weeks. According to Freddie Mac’s latest survey of average

Read More

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

Market Update: Rates Holding Steady & What’s Next

Just wanted to give you a quick update on the mortgage market. Just like the drive to grandma’s house for Thanksgiving, it’s been a bit of a bumpy ride lately, but the good news is that rates seem to be stabilizing after that spike we saw in September. Here’s the scoop: — Rates are holding

Read More

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

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

Read More

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

Mortgage Rates Continue to Improve: A Closer Look

Good news! Mortgage rates have continued their downward trend this past week, reaching even lower levels. Let’s dive into the details and see what this means for potential homebuyers. The Fed: A Tug-of-War While the Federal Reserve has signaled a potential rate cut, there’s still some uncertainty about the timing and magnitude of these reductions.

Read More

An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

Important Jobs Report Coming Out This Week!

The upward trend that we’ve seen for rates over the last four weeks continued last week, according to the latest survey of average mortgage rates by Freddie Mac. Fortunately, the inflation data that came out last week – the PCE Index, which is the Fed’s favorite gauge of inflation – met expectations at 2.8 percent

Read More

An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

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

Read More

An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

When ‘Bad’ News Is Good News…

Last week’s ‘bad’ news is good news for mortgage borrowers as we saw a nice improvement in rates. The weekly survey of average mortgage rate published by Freddie Mac showed rates breaking their momentum higher following worse than expected news from a leading indicator in the job market, inflation, and consumer confidence.  The JOLTS report,

Read More