Where are mortgage rates following the stronger than expected Jobs Report last Friday? Check out my latest video to learn more about mortgage interest rates and I have a spotlight on VA Loans.
Mortgage Market Update for the Week of October 7, 2024
October 7, 2024 by Leave a Comment
Mortgage Market Update for the Week of September 30, 2024
September 30, 2024 by Leave a Comment
It’s Jobs Week with the first week of October. Here’s my latest update featuring what may impact mortgage rates this week.
If you would like to learn more about mortgages for your personal scenario, please contact me!
PS: Go Seahawks!!!
Mortgage Market Update for the week of September 23, 2024
September 23, 2024 by Leave a Comment
This week, I address how mortgage rates reacted to the Fed’s 50 basis point drop to the Fed funds rate and what may impact rates this week. Fannie Mae has an optimistic forecast for mortgage rates and we have 2025 “temporary” conforming loan limits available!
Check out my latest video for more info!
It’s Fed Day! Fed Funds Rate Cut 50BPS! [LIVE Post]
September 18, 2024 by Leave a Comment
This is one of the most highly anticipated “fed days” that I can recall with the expectation that the Fed will lower the funds rate for the first time in four years. The question is, how much will the fed reduce the funds rate? Odds are currently at a 50-basis point drop, which is what the markets are betting on. [Read more…]
Mortgage Market Update for the Week of September 16, 2024
September 17, 2024 by Leave a Comment
It’s a big week with the FOMC’s highly anticipated meeting wrapping up on Wednesday when we will learn if they’re going to cut the funds rate by 25 or 50 basis points. Watch my weekly update to learn more!
The Fed’s move tomorrow does not directly change mortgage interest rates; however, it does influence mortgage rates as rates are based on mortgage-backed securities (bonds) and are traded similar as stocks.
Changes to the Fed’s funds rate does impact the rates on home equity lines of credit, credit cards and other debts where the interest rate is based on the Prime Rate as the prime rate follows the Fed’s funds rate.
Mortgage rates have been improving and I am already helping people restructure their mortgages and eliminate high-interest rate debts. If you would like to see possible scenarios based on current rates, I’m happy to share this with you with no obligation.
Mortgage Market Update for the week of September 9, 2024
September 9, 2024 by Leave a Comment
Mortgage rates continue to trend lower! Check out what may impact mortgage interest rates this week on my latest video.
Mortgage Market Update for the week of September 3, 2024
September 3, 2024 by Leave a Comment
This week is JOBS week and we’ll see how it plays out for mortgage rates.
If you would like to see mortgage rates for your personal scenario, click here!
Happy Labor Day
August 31, 2024 by Leave a Comment
We are having a “staycation” and are not traveling somewhere this weekend. I’ll probably spend some time on a pickleball court, fiddle in the garden and will definitely be grilling something yummy this weekend.
What are your plans?
If you are shopping for a home need help with getting preapproved for a mortgage or are considering a refinance with lower mortgage rates, I am happy to help you (this weekend and every day)!
Have a Happy Labor Day weekend!
PS: Since Monday is a holiday and markets are closed, my weekly Mortgage Market Update will be published on Tuesday. 🤩
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