This is one of the most highly anticipated “fed days” that I can recall with the expectation that the Fed will lower the funds rate for the first time in four years. The question is, how much will the fed reduce the funds rate? Odds are currently at a 50-basis point drop, which is what the markets are betting on. [Read more…]
It’s Fed Day! Fed Funds Rate Cut 50BPS! [LIVE Post]
September 18, 2024 by Leave a Comment
Mortgage Market Update for the Week of September 16, 2024
September 17, 2024 by Leave a Comment
It’s a big week with the FOMC’s highly anticipated meeting wrapping up on Wednesday when we will learn if they’re going to cut the funds rate by 25 or 50 basis points. Watch my weekly update to learn more!
The Fed’s move tomorrow does not directly change mortgage interest rates; however, it does influence mortgage rates as rates are based on mortgage-backed securities (bonds) and are traded similar as stocks.
Changes to the Fed’s funds rate does impact the rates on home equity lines of credit, credit cards and other debts where the interest rate is based on the Prime Rate as the prime rate follows the Fed’s funds rate.
Mortgage rates have been improving and I am already helping people restructure their mortgages and eliminate high-interest rate debts. If you would like to see possible scenarios based on current rates, I’m happy to share this with you with no obligation.
Mortgage Market Update for the week of September 9, 2024
September 9, 2024 by Leave a Comment
Mortgage rates continue to trend lower! Check out what may impact mortgage interest rates this week on my latest video.
Mortgage Market Update for the week of September 3, 2024
September 3, 2024 by Leave a Comment
This week is JOBS week and we’ll see how it plays out for mortgage rates.
If you would like to see mortgage rates for your personal scenario, click here!
Mortgage Rate Update for the week of August 26, 2024
August 26, 2024 by Leave a Comment
Mortgage rates continue to trend lower! Will this trend continue? Check out my latest video to learn more.
Mortgage Rate Update for the Week of August 19, 2024
August 19, 2024 by Leave a Comment
What will impact mortgage rates this week? Check out this week’s episode which includes information on The Covenant Homeownership Program which offers down payment assistance up to $150,000!
Mortgage Rate Update for the Week of August 12, 2024
August 12, 2024 by Leave a Comment
It’s Monday and that means I’m sharing my weekly update on what may impact mortgage rates this week. Plus, I’m including solutions on what you can do if a seller is not wanting to pay your buyers agent’s commission, with the NAR Settlement.
Mortgage Rates Drop!
August 5, 2024 by Leave a Comment
Friday’s disappointing Jobs Report was actually great news for mortgage rates as it fueled a long-awaited rate drop. With unemployment trending higher, it’s more likely (almost guaranteed) that the Fed will finally start lowering the Fed funds rate in September. This means that we will start to see mortgage rates trend lower in anticipation of the Fed’s actions next month.
For more info, please check out my latest update.
If you’re considering buying or refinancing your home, please contact me. I am happy to help you or anyone you know!
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