Mortgage Market Update for the week of July 15, 2024

Mortgage rates have been trending lower! Check out my latest video to see what may impact the direction of mortgage interest rates this week.

 

Mortgage Market Update for the Week of July 8th

This week is loaded with events or data that may impact the direction of mortgage rates. Check it all out in my latest video.

Mortgage Market Update for the Week of July 1, 2024


Have a great, fun and safe Independance Day!

Mortgage Market Update for the Week of June 17, 2024

My apologies for being a day late publishing this video! Without further ado…

It’s Fed Day! [LIVE POST]

In a couple of hours, the FOMC will wrap up their two-day meeting with an announcement on their decision on if they are going to make adjustments to the Fed funds rate. The Fed funds rate does not directly affect mortgage interest rates (except for HELOCs) however, it does influence the direction of mortgage rates. This is because the Fed’s decision is based on the level of inflation. Mortgage rates react negatively to inflation as mortgage rates are based on bonds (mortgage-backed securities/MBS). So, when the Fed raises the funds rate or keeps the rate unchanged due to inflation being too high, mortgage rates tend to move higher. If inflation is in line, we often see mortgage rates improve. [Read more…]

Mortgage Rate Update for the week of May 27, 2024

I hope you had a great weekend. Here’s what may impact the direction of mortgage rates this week!

If you would like a mortgage interest rate quote with current mortgage rates based on your personal scenario, please contact me!

Mortgage Update for the week of May 20, 2024


This week’s update features information on mortgages for self-employed borrowers!

Predicting Mortgage Rates is like forecasting Weather

Trying to predict mortgage rates is very similar to forecasting our weather in our beautiful Pacific Northwest. There are economic indicators with data that result in mortgage rates going down or raising higher just as there are weather patterns and pressure systems that typically indicate sunnier days or a storm approaching. Sometimes the reports that are being relied on can conflict with each other making it more difficult to make an accurate prediction. [Read more…]