Interest Rates - The Mortgage Porter

Final Mortgage Rate Update for 2024!

December 31, 2024 by Rhonda Porter Leave a Comment

It’s the end of 2024 and I bring to you the last mortgage rate update for this year.

This week’s episode includes an example of my Cost of Waiting report which factors in projected appreciation rates and forecasted mortgage rates. This report uses data to illustrate if it’s worth waiting for lower rates to buy a home. I hope you’ll check it out and let me know if you would like a report based on your criteria.

Of course, I’ll be back next Monday with the first update for 2025!
Happy and Healthy New Year!

Filed Under: Interest Rates Tagged With: cost of waiting, home buying, interest rates, market update

Mortgage Rate Update for the Week of December 23, 2024

December 24, 2024 by Rhonda Porter Leave a Comment

Are mortgage rates being naughty or nice? Check out my latest video on mortgage rates to find out how interest rates are behaving since the Fed dropped the Funds rate by 25 basis points.

Filed Under: Interest Rates Tagged With: economy, interest rates, the Fed

Mortgage Market Update for the Week of December 16, 2024

December 16, 2024 by Rhonda Porter Leave a Comment

It’s the last full-week of the year with the holidays upon us. We have the final Fed rate decision this week with a 25 basis point cut to the Fed Funds rate already baked into mortgage rates…but halls are decked with more than holly this week with other economic indicators that may impact the direction of mortgage rates.

Check out my latest video for more details, including the WORST purchase to make if you’re thinking about buying (or refinancing) a home.

Happy Holidays!

Filed Under: Interest Rates Tagged With: economy, inflation, mortgage rates, the Fed

Mortgage Rate Update for the week of December 9, 2024

December 9, 2024 by Rhonda Porter Leave a Comment

Want to know what’s impacting mortgage rates this week? Check out my latest update which includes a preview of our Buy Now vs Wait Report.

Filed Under: Interest Rates Tagged With: home buyers, interest rates

Mortgage Market Update for the week of December 2, 2024

December 2, 2024 by Rhonda Porter Leave a Comment

Can you believe it’s the first week of December? The first Friday of a month is typically when the BLS Jobs Report is released. This report tends to have a strong impact on mortgage rates. Check out my latest weekly update to learn where rates are trending and what else is scheduled to influence the direction of mortgage rates.

If you’re thinking about buying, selling, remodeling or refinancing, please reach out – I am happy to help you or anyone you know.

Filed Under: Interest Rates Tagged With: jobs report, mortgage rates, the Fed

Mortgage Market Update for the Week of November 4, 2024

November 4, 2024 by Rhonda Porter Leave a Comment

I’m still in sunny California for my nephew’s wedding and will be back home before our next weekly update.

This week is set to be very volatile for mortgage rates with the elections taking place tomorrow. Although we may not have the final results for days, the markets will react.

We also have the Fed (FOMC) wrapping up their two-day meeting on Thursday. It’s widely expected that the Fed will reduce the Fed funds rate by 25 basis points. While this does not directly impact mortgage rates, it does influence the direction of mortgage interest rates. [Read more…]

Filed Under: Interest Rates Tagged With: mortgage rates

Mortgage Market Update for the Week of October 28, 2024

October 29, 2024 by Rhonda Porter Leave a Comment

I typically share my weekly update on Mondays; yesterday was a travel day for me. I am writing this from beautiful Palm Desert on “vacation” for a family member’s wedding celebration.

In last week’s update, I shared the economic indicators that may impact rates this week, including: [Read more…]

Filed Under: Economy, Interest Rates Tagged With: interest rates, mortgage rates

Mortgage Market Update for the week of October 21, 2024

October 21, 2024 by Rhonda Porter Leave a Comment

What’s influencing mortgage rates this week, what may impact the direction of mortgage rates this (and next) week and 10 factors that impact the pricing of your mortgage rate in this week’s episode.