Hope you’re enjoying a beautiful summer week! We’re happy to see the sun and have some warm weather after lots of rain here. I wanted to share a quick update on what’s been happening in the housing and mortgage markets. It’s been a bit of a mixed bag lately, with some interesting shifts, and I
Hope you’re having an enjoyable week! As we navigate the ever-evolving mortgage landscape, I wanted to share some insights into recent market movements and what they might mean for you. Last week, we saw an interesting dynamic unfold. Amidst global economic uncertainties, particularly around potential tariffs, investors sought the safety of bonds. This “safe haven
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
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
For now the sixth week in a row, mortgage rates continue to improve, according to the weekly survey of average mortgage rates published by Freddie Mac. Signs are showing buyers returning to the market but not yet in droves. For savvy buyers, now might be an opportune time to be in the market! Part of
What goes up sometimes comes down, and that’s what happened over this last week with mortgage rates as we saw Treasury yields decline. According to the weekly mortgage rate survey published by Freddie Mac, average mortgage rates had the latest one-week drop since last November, which is great news for home buyers. As we know,
Mortgage rates improved but just by a tiny bit last week, according to the weekly survey of average rates released by Freddie Mac. The economy remains strong, and inflation has eased, but there are concerns by economists that inflation may be headed up again, thanks to rising oil prices. If you’ve been to the pump
Rates remain in the flattest trend they’ve seen in a long time. It may not seem like it if you’re looking at the up and down gyrations of rates day to day, but the trend since Q4 2022 has been in and around the mid-6 percent level for a 30-year fixed rate mortgage, for the
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
Average mortgage rates had dropped nicely, by half a percent, as of last week’s mortgage rate survey published by Freddie Mac, on continued worries over a possible recession coming this year. However, by week’s end, with strong enough economic data – especially a stronger than expected Jobs Report, rates reversed course ending higher. Yes, markets
