Interest Rates

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.

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

Mortgage Market Update for the week of October 14, 2024

October 15, 2024 by Rhonda Porter Leave a Comment

Check out my latest video to learn where mortgage rates and what may impact mortgage interest rates this week.

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

Mortgage Market Update for the Week of October 7, 2024

October 7, 2024 by Rhonda Porter Leave a Comment

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.

Filed Under: Interest Rates, VA Mortgage Loans, Video Tagged With: economy, interest rates, jobs report, va loans

Mortgage Market Update for the week of September 23, 2024

September 23, 2024 by Rhonda Porter 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!