Mortgage interest rates stabilizing

Freddie Mac’s PMMS was released this morning showing that mortgage appear to be calming down…for now.

[Read more…]

Mortgage rates lower in 2017…so far…

I was going to do a cheesy post on New Years exclaiming that mortgage rates are the lowest in 2017…although technically speaking, you could also say they are the highest of 2017! Obviously I opted to not do that post and to instead, share Freddie Mac’s Primary Mortgage Market Survey which shows that rates have improved a bit.

pmms-2017-jan-5
[Read more…]

Big Day with the Fed! [LIVE POST]

20140504_210758It’s been a while since I’ve done a live post. I think today calls for a live post since the FOMC is meeting and it’s highly anticipated they will decide to increase rates. Mortgage rates have been steadily climbing since mid-November following the elections. There are several factors that are influencing the upward move in rates, including what appears to be a better economy along with signs of inflation. [Read more…]

Mortgage rates at 2 year highs

Mortgage rates continue to trend higher as confirmed by Freddie Mac’s weekly Prime Mortgage Market Survey released this morning.

2016-12-08-pmms

[Read more…]

Mortgage rates continue to climb higher

Freddie Mac released their Prime Mortgage Market Survey (PMMS) this morning showing rates continuing to move higher.

2016-12-01-pmms
[Read more…]

Mortgage rates “spike” following the election

The graph from this morning’s PMMS report illustrates the dramatic jump in mortgage rates that happened following last week’s Presidential election. Mortgage rates, although still low, haven’t been in this range since January 2016.

2016-11-17-pmms

[Read more…]

Mortgage rates expected to trend higher following the October Jobs Report

Recruitment or Employment Issues Chalk Drawing

Yesterday morning, the Jobs Report was released with data for the month of October. The report gave an overall healthy picture of the economy and came in slightly stronger than expected with 161,000 jobs added in October and positive revisions made to August and September. [Read more…]

Mortgage Rates remain near “Record Lows”

Freddie Mac released the Prime Mortgage Market Survey (PMMS) this morning which is based on a survey average of conforming mortgage rates from last week.

2016-10-27-pmms

[Read more…]