This week’s mortgage rate update features information on our down payment assistance program. Check it out!
Mortgage Interest Rate Update for the Week of February 17, 2025
February 18, 2025 by Leave a Comment
Mortgage Interest Rate Update for the Week of February 10, 2025
February 10, 2025 by Leave a Comment
Where are mortgage interest rates and what may impact the direction of rates this week, plus a new program to help more people on the path to home ownership.
Mortgage Interest Rate Update for the Week of February 3, 2025
February 3, 2025 by Leave a Comment
We have jobs data this week and we have Trump’s tariffs potentially impacting mortgage rates. In this episode, I share how loan level price adjustments are used to determine mortgage rates. Check out all this and more in my weekly update!
It’s Fed Day! [Live Post] NO CHANGE to the Fed Funds Rate
January 29, 2025 by Leave a Comment
8:15 a.m. Today around 11:00 am PST, we’ll have the decision from the FOMC on whether they are making any adjustments to the federal funds interest rate. Odds are very strong (99.5% per the CME Group) that there will be no change at this meeting. This is what the markets are anticipating. If the Fed surprises us, then markets will react dramatically. The Fed’s actions and market reactions are what may impact mortgage rates today as mortgage rates are based on bonds (mortgage-backed securities). The Fed does not directly control mortgage interest rates.
Following the Fed announcement today, Fed Chair Powell will hold a press conference. What he says (or what the market interprets from his press conference) may also impact the direction of mortgage interest rates. The markets are watching for signs that inflation is cooling (good for mortgage rates) or if inflation is being stubborn (bad for mortgage rates).
Right now, MBS 30 year is pretty flat (down 4 basis points). [Read more…]
Mortgage Rate Update for the Week of January 27, 2025
January 27, 2025 by Leave a Comment
Tariffs, Trade Wars, China’s AI and then… we have our scheduled economic data that may impact rates this week, including the wrap up of the 2-day FOMC meeting on Wednesday. Check out my latest video to learn where rates are and more!
By the way, if you or someone you know are wanting to buy a home, refinance or have been turned down for a mortgage, please contact me! I’m happy to help.
Options for Buying a Starter Home
January 22, 2025 by Leave a Comment
Buying your first home is such an exciting and important time of your life. It’s a big step in creating financial freedom for your future. First homes are often referred to as a “starter home” as people tend to live in the home for a shorter period of time and use the equity they gain from appreciation and paying down the mortgage towards buying their next home. [Read more…]
Mortgage Rate Update for the week of January 20, 2024
January 21, 2025 by Leave a Comment
Where are mortgage rates trending this week? Check out my latest update to learn this and what I can offer home SELLERS.
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