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!

Mortgage Rate Update for the Week of April 21, 2025

Get Yours Today! The Mortgage Porter Collectable Action Figure

It’s Friday, so let’s have some fun! I asked AI to help recreate me as a glamourous action figure, Rhonda – The Mortgage Porter.

Full disclosure, I asked ChatGPT to write a post to compliment the doll it created for me. Here it is!

Meet Barbie’s Mortgage Maven: Rhonda Porter, The Mortgage Porter! 💁🏼‍♀️💼🏡 [Read more…]

How to Catch a Falling Interest Rate

Mortgage interest rates have been VERY volatile with all the movement in the stock market. Typically, when the stock market is plummeting, we see mortgage rates improve. This is because mortgage rates are based on bonds and investors will seek the safety of bonds. In the markets we recently have been experiencing, the lower mortgage rates may be available for moments before moving higher.

If you’re considering refinancing to obtain a lower interest rate, you need to be prepared to take action. [Read more…]

Mortgage Rate Update for the Week of April 14, 2025

Where are mortgage rates following Trump’s “Liberation Day”?

How do home values typically do during a recession?

Learn this and more in my latest Mortgage Rate Update video.

If you’re considering buying, selling, refinancing, remodeling or even a reverse mortgage, I’m happy to help you!

Mortgage Rate Update for the Week of April 7, 2025

I’m a day late on the weekly update as I’m just back from my vacation with family.

Here’s your mortgage update, including how the markets and proposed tariffs are impacting the direction of mortgage rates.