We’re going on two months now that we’ve seen mortgage rates remain mostly flat. Analysts see this as evidence that markets are leery of the prospects of a robust economy roaring back anytime soon due to rising covid cases and how this pandemic is going to shake out. And of course the Fed’s bond buying
Well, it looks like optimism in the markets, thanks to the strong jobs report, sent mortgage rates a little higher, according to last week’s survey published by Freddie Mac. Prior to this latest report, rates had been dropping for six consecutive weeks. Despite the minimal .10 percent rise in interest rate for the average 30-year
Well, this is a nice surprise! I get to report that last week, average mortgage rates improved for both the 30-year fixed and 15-year fixed, according to Freddie Mac’s weekly survey of rates. So, what gives? We saw the yield percentage on the 10-year Treasury fall and when that happens, often mortgage rates will follow
It’s been quite a week so far as mortgage rates continue to move higher in response to the yield percentage on the 10-year Treasury note rising rather rapidly. What’s happening? The markets are responding in large part to rising inflation concerns and increased government spending which increases the amount of bonds on the market, driving
Interested to know what’s expected for the new year in terms of real estate and mortgage rates? Me too! I’ve been reading up on what the experts I respect see happening in the new year and one foundational theme I’m seeing is that we could see some shifting and changing in housing and mortgages in
