Mortgage Rate Update for the Week of May 26, 2025

Fannie Mae’s Upbeat Mortgage Rate Forecast with Rates in the 5s!

Fannie Mae recently released their monthly forecast for housing. May’s forecast predicts 30 year fixed conforming mortgage rates with rates entering the 5% range in the second quarter of 2026.

While hearing that the 30-year fixed rate might hit the 5% range next year is music to many ears, there are some things I would keep in mind. For starters, the rates are NOT guaranteed – it’s just a forecast… although I’d rather see a forecast with mortgage interest rates trending lower instead of rates pushing higher. 😉

What’s important to keep in mind is that there are A LOT of home buyers who have been waiting for lower rates. As rates trend lower and the markets heat up, home prices will very likely move higher.

If there is a home that you want to buy and you qualify at today’s mortgage rates, I would probably buy that home at today’s price with the plan on refinancing when/if mortgage rates move lower. With that said, you have to keep in mind that again, there are no guarantees that rates will move lower so you have to be prepared for keeping the current rate/payment.

The improvement to interest rate may be offset by increased price in the home. Plus, buying sooner means that you get the opportunity to start paying down your mortgage balance, which creates more equity and you’re buying the same home at a potentially lower price than if you wait AND best of all, it means that you get to start enjoying your new home.

If you’re thinking about buying your next home, I’m happy to review scenarios for you and to create a game plan. Reach out to me for a quick 15-minute call or schedule more time, if you prefer.

 

 

Mortgage Rate Update for the Week of May 19, 2025

Mortgage rates seem to be steady (or stuck!) in the same range since early April. Check out my latest Mortgage Rate Update to get the details.

If you’re thinking about buying, selling, refinancing or remodeling your home, please contact me! And don’t forget, we have our Reverse Mortgage Workshop this week on Thursday, “Retire Like a Boss”. This is a virtual event from noon-1pm so you can grab a lunch, your laptop and learn more about this tool for a comfortable retirement!

Mortgage Rate Update for the Week of May 12, 2025

Tariffs continue to toy with mortgage interest rates and we have a couple inflation indicators scheduled to be released this week that could impact mortgage rates. Also in this episode, we discuss renovation mortgages.

If you’re thinking about buying, selling, refinancing, remodeling or a reverse mortgage, I am happy to help you!

Join Me! Retire Like a Boss: Reverse Mortgage Workshop

Grab a lunch and your computer to learn more during our one-hour workshop where we discuss reverse mortgages. Whether retirement is on the horizon for you or if you’re wanting to learn about possible options for your parents, this workshop will help answer questions and address common misconceptions about the modern reverse mortgage.

I’m hosting the event along with Charles Butler, Retirement Mortgage Advisor – NMLS#2262315.

When: Thursday, May 22, 2025 from 12:00 – 1:00 pm PST.

Click here to RSVP or scan the QR code below. [Read more…]

It’s Fed Day! Fed Funds Rate Unchanged.

This afternoon (11:00 am PST) wraps up the two-day FOMC meeting and we will learn if the Fed has decided to make any adjustments to the Fed Funds rate. Although the Fed does not directly control the interest rate of mortgage loans (except for home equity lines of credit that follow the prime rate), mortgage interest rates are influenced by the actions by the Fed.

Odds are that there will be no changes to the Fed funds rate today.  Markets will be paying close attention to what Fed Chair Jerome Powell has to say following the Fed’s announcement of their rate decision. [Read more…]

Mortgage Rate Update for the Week of May 5, 2025

How are mortgage rates doing after the conflicting jobs data last week?

Will the Fed lower rates on Wednesday? (Spoiler alert – the Fed does not directly control mortgage interest rates).

What’s going on with federal student loans?

And an announcement on our upcoming webinar “Retire Like a Boss” on this week’s episode!

 

Mortgage Rate Update for the Week of April 28, 2025

It’s Jobs Week AND we have PCE, the Fed’s favorite measure of inflation…. so how are mortgage rates fairing? Check out my latest post!