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.
Mortgage Market Update for the Week of December 16, 2024
December 16, 2024 by Leave a Comment
It’s the last full-week of the year with the holidays upon us. We have the final Fed rate decision this week with a 25 basis point cut to the Fed Funds rate already baked into mortgage rates…but halls are decked with more than holly this week with other economic indicators that may impact the direction of mortgage rates.
Check out my latest video for more details, including the WORST purchase to make if you’re thinking about buying (or refinancing) a home.
Happy Holidays!
Mortgage Market Update for the week of December 2, 2024
December 2, 2024 by Leave a Comment
Can you believe it’s the first week of December? The first Friday of a month is typically when the BLS Jobs Report is released. This report tends to have a strong impact on mortgage rates. Check out my latest weekly update to learn where rates are trending and what else is scheduled to influence the direction of mortgage rates.
If you’re thinking about buying, selling, remodeling or refinancing, please reach out – I am happy to help you or anyone you know.
Mortgage Market Update for the week of September 23, 2024
September 23, 2024 by Leave a Comment
This week, I address how mortgage rates reacted to the Fed’s 50 basis point drop to the Fed funds rate and what may impact rates this week. Fannie Mae has an optimistic forecast for mortgage rates and we have 2025 “temporary” conforming loan limits available!
Check out my latest video for more info!
It’s Fed Day! Fed Funds Rate Cut 50BPS! [LIVE Post]
September 18, 2024 by Leave a Comment
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…]
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.
It’s Fed Day! Fed Funds Rate is Unchanged.
July 31, 2024 by Leave a Comment
Today the FOMC will wrap up their two-day meeting and announce whether or not they are going to adjust the Fed funds rate. It is widely anticipated that the Fed will not make any changes to the Fed funds rate today. Close attention will be paid to what Fed Chair Powell states after the meeting to see if he provides any indications on when the Fed will adjust the Fed funds rate. [Read more…]
Mortgage Rate Update for the Week of July 29, 2024
July 29, 2024 by Leave a Comment
We have a lot taking place that may impact the direction of mortgage rates this week, including the Fed meeting and a couple of reports with employment data.
Want to know more? Please check out my latest video.
And remember, if you or anyone you, know are considering buying, refinancing, remodeling or selling your home, I am honored to help you!
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