We have the results of the Fed meeting on Wednesday with next to zero chance of a rate change. Check out what may impact the direction of mortgage rates and learn which saves more, a price reduction or a seller credit to buy down interest rates on this week’s episode.
If you’re thinking about buying, selling, refinancing, remodeling or even a reverse mortgage, let’s talk!
Mortgage Rate Update for the Week of January 16, 2025
June 16, 2025 by Leave a Comment
Mortgage Rate Update for the Week of May 5, 2025
May 5, 2025 by Leave a Comment
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
April 28, 2025 by Leave a Comment
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!
It’s Fed Day!
March 19, 2025 by Leave a Comment
As expected, the Fed has decided to leave the Fed funds rate unchanged, leaving the targeted range between 4.25% and 4.5%. This rate does not directly affect mortgage interest rates, but rather influences the direction of mortgage interest rates (unless you have a home equity line of credit that is based on the prime rate).
What may impact mortgage rates today is the press conference following the Fed rate announcement. Stay tuned!
Mortgage Rate Update for the Week of March 17, 2025
March 17, 2025 by Leave a Comment
Happy St. Patrick’s Day!
You don’t need the luck of the Irish to have your own pot of gold! Check out my latest Mortgage Rate Update to learn where rates are trending, what may impact mortgage interest rates this week and where you can find your own pot of gold.
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 December 23, 2024
December 24, 2024 by Leave a Comment
Are mortgage rates being naughty or nice? Check out my latest video on mortgage rates to find out how interest rates are behaving since the Fed dropped the Funds rate by 25 basis points.
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