Inflation based on the Producer Price Index (PPI), Consumer Price Index (CPI), and the Federal Reserve's favorite Personal Consumption Expenditures all show continued improvement. That in conjunction with the moderate Job Data, kept the the Federal Reserve to maintain the target range for the ... » Learn More about Mortgage Rates Lowest In Two Months
mortgage rates
How The US Debt Affects Mortgage Rates
The United States is facing a dire fiscal situation, with a federal debt that has exceeded $33.7 trillion as of November 11, 2023. This staggering number equates to over $100,000 of debt for every single person in America. The debt servicing is presently $1.8 Billion per day. (Note this is not ... » Learn More about How The US Debt Affects Mortgage Rates
Navigating the Rising Mortgage Rates: Understanding the Factors at Play
The current financial landscape is witnessing a surge in mortgage rates, with a standard 30-year fixed loan hitting 8%. This abrupt increase has left many homeowners and potential buyers wondering about the factors driving these changes and what the future holds for mortgage rates. In this blog ... » Learn More about Navigating the Rising Mortgage Rates: Understanding the Factors at Play
Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
The Standard 30 Year Fixed Rate Mortgage still hovers above 7%. With the Federal Reserve's ongoing debates about whether to maintain the 5.25% Fed Funds Rate or raise it another 0.25% at their upcoming meeting, prospective homebuyers and current homeowners are faced with some tough decisions. ... » Learn More about Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
Expecting A Glut Of Foreclosures? Don’t Bet On It
In today's uncertain times, it's crucial to differentiate between speculation and reality when it comes to the housing market. Recently, one of my clients heard from a family member that they should wait for a flood of foreclosures to hit the market. However, let's take a closer look at the current ... » Learn More about Expecting A Glut Of Foreclosures? Don’t Bet On It