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
Even as the economy continues to improve, it’s lost some of its momentum over the past couple of months as the latest wave of COVID cases has been a drag on employment, consumer spending and consumer confidence. On the positive side, mortgage rates have remained steady offering homebuyers and those still wanting to refinance added
Hope you had a fantastic Labor Day! As we head into fall, we see that the housing market remains strong thanks to a growing economy and continued purchase demand. Home prices remain stable, but thankfully inventory is improving modestly. As for mortgage rates, the latest survey by Freddie Mac reports that average rates for both
There’s so much to discuss this week, so let’s dive in! First of all, mortgage rates remained rather steady last week as markets awaited the comments and fallout from the Fed’s meeting in Jackson Hole, Wyoming. The comments following the meetings by Fed Chair Jerome Powell revealed that the members are talking about tapering their bond buying program
Looks like things have settled down for rates as they remained relatively flat last week, according to the latest weekly survey published by Freddie Mac. What’s not remaining flat is home sales as a report already released this week shows home sales beating expectations! This week, however, we have even more housing data coming out
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
It’s been a little bit of a wild ride for rates over these past few days. Last week, before the jobs report was released, the survey of average rates showed the 30-year and 15-year dropping to levels not seen since early 2021. However, following Friday’s robust jobs report showing almost 1 million people returning to
We’re seeing some wider swings in markets so far this week as we await an important jobs report on Friday, and concern grows over covid variants, all of which is affecting bonds and mortgage rates this week. Last week, mortgage rates moved mostly sideways according to Freddie Mac’s latest survey of average rates and so
Fortunately for home buyers, even as home prices continue to appreciate, mortgage rates are trending lower as the economy continues to mend despite concerns around the pandemic and its trajectory. According to the latest survey of mortgage rates by Freddie Mac, the average rates for both the 30-year and 15-year average dropped .10 percent just
Luckily for the summer home-buying frenzy, mortgage rates have continued to decline. In fact, according to Freddie Mac’s weekly survey of average rates, since their peak in April, mortgage rates have declined by .30 percent. Not bad! But how long will this last? It’s an interesting question because many market experts believe rates are remaining
