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. 😉 [Read more…]
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!
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