Let’s talk mortgage rates (it’s the number one question I get asked, lol)! It’s been a bit of a rollercoaster these past few weeks, and I wanted to give you a quick rundown of what’s been happening and what it means for homebuyers. Remember that big inflation report I mentioned last week? Well, the CPI
As you may have heard, interest rates continue their upward climb. This week, Freddie Mac reported the 30-year fixed rate increased by .07 percent. While not every borrower will see this exact increase, the trend is clear: rates are higher now than they were at the start of the year. What’s Driving the Increase? Despite
Last week was a rough week in markets, especially for mortgage rates. Let’s unpack what’s been happening with interest rates lately. Buckle up, because things are moving fast, and it’s important to understand what these shifts might mean for your homeownership goals. The Inflation Factor Remember how we were hoping inflation was cooling down? Well,
If the past few weeks have felt like a whirlwind with interest rates, you’re not alone. Let’s break down what’s been happening and what it means for your home financing goals. The Fed Factor Remember when the Fed hinted at those juicy rate cuts for 2024? Well, surprise, surprise, things change fast! Inflation reports came
Sticky inflation and increasing U.S. debt contributed to mortgage rate volatility that had rates showing improvement mid-week, but moving higher by week’s end. The CPI (consumer price index) came in higher than expected last week, with housing and energy costs making the biggest splash. Not only did the higher inflation spook markets, but pushed the
Well, wouldn’t you know it, as soon as we start enjoying improved rates as we head into the Spring home buying season, the latest CPI (consumer price index) report spooks the bond and mortgage markets, and rates rise for the week. According to the latest survey of average rates by Freddie Mac, the rate for
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
The positive economic readings of the last week – like robust retail sales, low unemployment, and healthy GDP (gross domestic product) – caused rates to tick up slightly, according to the latest survey of average rates by Freddie Mac. However, rates remain in a narrow range, not bouncing around too much. According to Sam Khater,
Mortgage rates continued to move sideways this last week, according to the latest survey of average rates published by Freddie Mac. After watching average mortgage rates drop by more than a percentage point in October and December, we all got excited to see rates continue to fall, but they haven’t. They also haven’t gone back
As we settle into the new year, mortgage rates continue to move sideways after seeing significant improvement between late October and mid-December. Also, the 30-year fixed rate is only slightly higher, by .14 percent higher than this time a year ago, according to Freddie Mac’s survey of average mortgage rates. Friday, the latest Jobs Report
