Tag Archives: refinance

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☕ Cozying Up to the Latest Mortgage Market Trends! ☕

Hope you had a wonderful Thanksgiving filled with good company, laughter, and maybe even a slice of pumpkin pie (or two!). As we head into December, I wanted to give you a quick update on what’s been happening in the mortgage world. Good news! Mortgage rates took a bit of a breather last week, offering

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Market Update: Rates Holding Steady & What’s Next

Just wanted to give you a quick update on the mortgage market. Just like the drive to grandma’s house for Thanksgiving, it’s been a bit of a bumpy ride lately, but the good news is that rates seem to be stabilizing after that spike we saw in September. Here’s the scoop: — Rates are holding

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How the Housing Market Is Shaping up This Year…

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

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New Home Sales Reach a 13-Month High!

Continuing their sideways trend, mortgage rates hung out within the same .10 percent range over the last week, according to Freddie Mac’s weekly survey of average rates. Analysts are finally seeing the issues over the debt ceiling to have a visible impact on longer-term bonds, which may translate to lower interest rates. We’ll have to

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Shifting Continues in Housing + Jobs Report Friday

Mortgage rate volatility is still a thing as we saw rates whipsaw higher last week. Average rates as reported by Freddie Mac’s weekly survey showed a .42 percent increase for the 30-year fixed and .30 percent rise for the 15-year, which is a greater than typical move in rates.  The data coming in continues to

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Important Jobs Report Comes Out This Week…

As we kick off a new month, we’re seeing further evidence of the normalizing of the housing market. Yes, there’s still lots of doom and gloom in the media about housing. No, we don’t like change and uncertainty in the markets, but the truth is the housing market is becoming increasingly favorable for buyers. No,

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Critical Fed Meeting This Week Before August Break

This should be an interesting week in markets as we have an important Fed Meeting coming up, adjourning mid-week, among a slew of high-impact economic and housing reports.  Yes, we’re hearing much drama in the media about housing and whether bubbles are bursting or not. Although none of us knows the future, what I do

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What Is Recession and How You Can Prepare

As summer arrives, we’re still seeing mortgage rates climb and the housing market continues to transition to a more balanced environment between buyers and sellers. According to Freddie Mac’s latest survey of average mortgage rates, the 30-year and 15-year are both up slightly for the week. However, last week was significantly calmer in terms of

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Volatility Remains in Markets and Rates This Week

Well, after taking a breather for a few weeks, rates surged last week following shifting inflation expectations and the change in Fed policy regarding inflation. According to the latest survey of averages by Freddie Mac, rates for the average 30-year fixed-rate loan are up .55 percent. We’re also continuing to see signs of the tight

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