Market Updates
How Government Shutdowns May Affect Your ClientsAs of 8:00 pm EST, September 30th, a government shutdown of federal agencies has taken place. Here's how it may affect your clients, especially those whose home financing is currently being processed.Clients applying for...
Market Updates
The Fed Cut Interest Rates...So Why Did Mortgage Rates Go Up?Earlier this month, the Federal Reserve lowered its benchmark lending rate to 4.00%-4.25%. While this resulted in record-high stock market numbers, mortgage lending rates didn't join the celebration.This is...
Market Updates
Mortgage Rates Drop to a Three-Year LowMortgage rates dropped sharply earlier this week, with the average rate on the 30-year fixed mortgage dropping to 6.13%. This is the lowest since late 2022."The overall set-up is reminiscent of September 2024 when rates were...
Market Updates
Loan Rates See Biggest One-day Drop in Over a YearLast week, the average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29%. This was in response to a weak August employment report.It's the lowest rate since early October 2024, and the biggest one-day...
Market Updates
More Ranchers' Heirs Ride Off into the SunsetHome on the range is becoming popular again, especially with the mega-rich, as more family-owned ranches enter the market. While the heirs to a homestead may decide that managing thousands of acres doesn't appeal, others...
Market Updates
Lower Mortgage Spreads = Lower Loan RatesThe gap between 10-year treasury yields and mortgage rates, aka the mortgage spread, has dropped to its lowest in over three years. This is good news for home buyers, as a lower mortgage spread translates into lower mortgage...
Market Updates
Buyer Opportunities On the RiseIf you're having a busier week than usual, you're not alone. The daily average mortgage rate dropped to its lowest level in nearly a year, moving more buyers off the sidelines. Clients who qualify for a 6.55% mortgage rate have gained...
Market Updates
Buyer Opportunities On the RiseIf you're having a busier week than usual, you're not alone. The daily average mortgage rate dropped to its lowest level in nearly a year, moving more buyers off the sidelines. Clients who qualify for a 6.55% mortgage rate have gained...
Market Updates
Senate Committee Releases Affordable Housing BillRecently, the Senate Committee on Banking, Housing, and Urban Affairs voted to advance the Renewing Opportunity in the American Dream to Housing (ROAD to Housing) Act of 2025 which aims to increase the supply of...
Market Updates
This Week's Data Will Forecast 2H 2025This week is shaping up to be an important one, as a stack of economic data will be released. Here are some numbers to check out.While July's Consumer Confidence Index rose to 97.2 (1985=100), which is a two-point improvement from...
Recent Comments