Weekly Mortgage Update for March 25, 2024

We have a short week with the Easter holiday weekend. Bond markets will close early on Thursday and remain closed on Friday.

Want to know where mortgage rates are and what may impact the direction of mortgage rates this week? You’re in the right place! Check out my latest video for the details!

Fannie Mae’s March Forecast Stomps out 5% Mortgage Rates

Fannie Mae released their monthly forecast for mortgage rates. The previous month, they received a lot of attention because of how rosy it was with rates forecasted to hit 5.9% by the end of this year with nearing the mid-5% range in 2025. The March forecast, which was released yesterday, is not as optimistic. [Read more…]

What’s Happening with Real Estate Agent Commissions?

buyers agents commissionsLast Friday, NAR (the National Association of Realtors) announced a settlement which included a major change to real estate commissions. This settlement still needs court approval to be finalized.

Several media sources have been spreading misinformation about commissions with headlines including that buyers agents will no longer be compensated. This is far from accurate. [Read more…]

Mortgage Market Update for the Week of March 11, 2024

Curious about what’s impacting mortgage rates? Check out my latest video!

Visiting Open Houses? You Need to Be Fully Preapproved

pre-underwritten preapproved homebuyerIt’s fun to visit open houses on the weekends. You may be picturing yourself living in the home, enjoying the backyard or perhaps making a few home improvements to really make it “yours”.

If you’re even thinking about buying a home, I strongly encourage you to get fully preapproved before you find yourself at an open house wanting to present an offer.

Here are some steps I recommend for anyone considering buying a home. [Read more…]