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
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
This week is a case of good news, bad news. Good news is that the economy is proving to be resilient and the housing market strong. The downside of this situation is that inflation continues to persist, a factor that is pushing mortgage rates higher. The robust housing market is also causing inventory to be
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
Let me just say that Tuesday’s plummet by the Dow Jones Industrial Average (of nearly 1,300 points) and S&P averages on the stock market was not what I was expecting with the release of the latest consumer inflation numbers. However, I guess traders did not expect core inflation – which leaves out food and energy
As the tug of war between inflation pressures and a slowdown in the economy leave mortgage rates in a volatile trend, Freddie Mac’s weekly survey of average rates showed that rates experienced an impressive improvement last week. However, most of those gains have been erased as markets digest Friday’s Jobs Report and other strong data
