Good news! Mortgage rates showed slight improvement in last week’s survey by Freddie Mac of average rates. The survey reported rates reaching levels last seen in March! Let’s explore what’s driving this trend and what to watch for in the coming days. The Fed: Higher for Now, But a Shift Might Be Coming The Federal
Last week mortgage rates dipped to their lowest levels in two months! Let’s break down what caused this shift and what to watch for in the coming days. The Economy Slows Down Recent economic data paints a picture of a slowing economy. This has helped to cool inflation fears, a major factor influencing interest rates.
Welcome to June! Let’s talk about mortgage rates…This past week, rates unfortunately moved higher due to a few key factors: • Treasury Department Needs More Revenue: The government needs to sell more debt to fund spending, and recent auctions haven’t been as strong as hoped. This pushes interest rates higher.• Fed Signals Higher Rates for
Happy (almost) summer! As we pause this week and take a moment to honor those who served our country on Memorial Day, let’s also dive into the latest news affecting mortgage rates. The Week in Review: A Tug-of-War – This past week, interest rates saw some ups and downs. Here’s what caused the volatility: •
It’s always fun to report that rates trended slightly lower, according to last week’s report on the survey of average rates published by Freddie Mac. Since that report, rates have been relatively stable; however, with some big economic news coming up, things could get interesting. The Federal Reserve continues to signal they won’t raise rates
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
Hope your week is off to a great start! I want to give you a quick update on the housing market, interest rates and what that might mean for your home financing goals. Overall, it’s a pretty quiet week in terms of major economic data, so in large part markets will likely be pretty quiet
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
