Tag Archives: refinance

Pacific Financial Mortgage

What’s Happening Now With Jobs, Inflation, and Rates

We’ve watched as mortgage rates have remained rather steady over the past three weeks and according to Freddie Mac’s weekly survey, averages remained below 3 percent for the 30-year fixed.  Friday’s job creation numbers dragged on markets showing a disappointing 266,000 new jobs created when a number much closer to 1 million was expected. Interestingly

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Pacific Financial Mortgage

Time (and inflation) look to be changing…

Last week, mortgage rates remained rather steady. And according to the latest survey published by Freddie Mac, the average fixed rates remain below 3 percent, continuing to offer opportunities to refinance or purchase.  However, there may be changes happening on the horizon that we need to be aware of. As we all know, inventory of homes remains a

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Pacific Financial Mortgage

We could see some increased volatility in rates and markets this week…

Mortgage rates again improved slightly last week, although volatility this week could lead to rates bouncing around a bit. According to the weekly survey put out by Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by .04 percent.  Keep in mind that rates on average are still about .25 percent lower

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Pacific Financial Mortgage

Mortgage rates rode a healthy down-trend last week

Despite inflation pressures showing up in the data last week, mortgage rates rode a healthy down-trend last week, according to Freddie Mac’s weekly rate survey of average rates. Sam Khater, chief economist explained it this way, “the economy is improving on the demand side and on the supply side, a variety of goods and materials

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Pacific Financial Mortgage

Optimism in Job Market and Economy Urging Rates Higher

Hope you are having a great week! We saw mortgage rates remain rather steady last week, even in the face of a very encouraging and robust Jobs Report. Friday’s report on the nation’s employment picture showed new job creation come in just shy of 1 million while the unemployment rate ticked lower and the number

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Pacific Financial Mortgage

Mortgage rates continued trend higher this week…

Last week was quite the roller coaster ride for markets as the 10-year Treasury bond yield rose, pushing mortgage rates slightly higher with it. Inflation concerns were the main factor. According to Freddie Mac’s weekly survey of average mortgage rates, the average rate for a 30-year mortgage rose just .03 percent as optimism about the economy, vaccination rates, and additional government stimulus on the way fueled inflation fears.

Pacific Financial Mortgage

Rates Remain Favorable, Despite Rising Steadily. What’s Next?

Since enjoying all-time lows over the past few months, average mortgage rates have steadily risen, coming up by an average of .30 percent since the lowest point in January. Regardless, home purchase activity remains brisk and we continue to expect a hot spring sales season for home buyers and sellers. We anticipate the trend for

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Pacific Financial Mortgage

Rates ticked higher last week…but not for long

As you may have heard in the news, mortgage rates did rise some last week as optimism in the economy’s recovery gained momentum and inflation fears remained alive and well. As we know, inflation is the archenemy of bonds and can cause rates to rise. Funny thing is, we got some data late in the week that inflation remains

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Pacific Financial Mortgage

Rates tick higher on inflation worries…what’s next?

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

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You’ve got a house and you’ve got goals…here’s how one helps the other

Whether or not you’re a big-time goal setter or make resolutions at the beginning of the new year, you likely have a few things in mind that you either want to accomplish or that you know are coming down the pike in your life. And, I don’t know about your big plans, but for most

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