Have a great, fun and safe Independance Day!
Mortgage Market Update for the Week of July 1, 2024
July 1, 2024 by Leave a Comment
What if mortgage rates don’t hit 5%?
June 26, 2024 by Leave a Comment
Fannie Mae and the Mortgage Bankers Association (MBA) released their monthly updated forecast for mortgage rates through 2025. This June update no longer shows predicted rates for the 30-year fixed conforming to hit the 5% range. MBA, who tends to be the most optimistic, forecasts that in the 4th quarter of 2025, we’ll see 6.0% for a rate with the homes of 5.8% in 2026.
Should you hold out on Fannie Mae and MBA’s forecast for lower rates in two years? It depends. [Read more…]
Who’s Buying Homes in this Market?
June 22, 2024 by Leave a Comment
The Existing Home Sales was released yesterday which reports on the closings of existing single-unit homes.
Would you be surprised to know that last month, 31% of all sales were first-time homebuyers? [Read more…]
Mortgage Market Update for the Week of June 17, 2024
June 18, 2024 by Leave a Comment
My apologies for being a day late publishing this video! Without further ado…
