Mortgage rates this week fell to their lowest level since October, supported by one better than expected inflation report as well as ongoing concerns regarding employment data. But an unexpected finding in the Bureau of Labor Statistics July Producer Price Index report could put a hold on a potential September Federal Open Market Committee short-term […]
Mortgage rates move lower on inflation, employment news Read More »
Mortgage rates are still a hot topic – and for good reason. After the most recent jobs report came out weaker than expected, the bond market reacted almost instantly. And, as a result, in early August mortgage rates dropped to their lowest point so far this year (6.55%). While that may not sound like a
Is It Better To Buy Now or Wait for Lower Mortgage Rates? Here’s the Tradeoff Read More »
Mortgage rates reached a new 2025 low today, despite core inflation running at 3.1% year over year, according to the CPI report this week. The softening labor data and improved mortgage spreads currently overshadow any concerns about inflation. If the jobs data were exceeding estimates, the situation would be different. According to Mortgage News Daily,
Mortgage rates drop to another new low for 2025 Read More »
US mortgage rates dropped last week by the most since February, enticing homeowners to step up refinancing. The contract rate on a 30-year mortgage declined 10 basis points to 6.67% in the week ended Aug. 8, according to Mortgage Bankers Association data released Wednesday. The rate on a 15-year mortgage retreated below 6% for the
US 30-year mortgage rate declines by most since February Read More »
While more economists surveyed in August by Wolters Kluwer expect the Federal Open Market Committee to cut short-term rates at its September meeting than the previous month, a significant share still thinks action won’t come until December or later. The percentage of the participants in the Blue Chip Economic Indicators panel believing the next Fed
Economists now leaning towards September Fed cut Read More »
In mortgage lending, there’s no shortage of conversation around interest rates and closing costs. But beneath that surface-level focus lies a missed opportunity—one that could dramatically improve the financial well-being of millions of homeowners. It’s the opportunity to help borrowers optimize their blended debt rate and strategically reduce their total mortgage cost over time. Most
Why homeowners should focus on blended debt rates and total mortgage costs Read More »
Housing inventory growth has been slowing down since the last two weeks of June, as mortgage rates have been trending lower. However, last week we saw an actual decline week to week, which is rare for this time of year compared to recent years. What does this mean? Has active inventory peaked? Our new listings
Did lower mortgage rates already lower housing inventory? Read More »
President Donald Trump announced Thursday that he will nominate Stephen Miran — his top economic adviser — to fill a vacant seat on the Federal Reserve‘s Board of Governors following last week’s resignation of Adriana Kugler. Miran, who currently chairs the White House Council of Economic Advisers, is being appointed to serve the remainder of
Trump taps economic adviser Stephen Miran for Fed board seat Read More »
Today, we had another new low in mortgage rates. It was nothing too drastic, just a 0.2% drop from 6.57% to 6.55%, but it’s on a day that the 10-year yield is currently flat to higher, which means mortgage spreads made the difference today. Just like in 2024, mortgage spreads don’t always get the recognition
Better mortgage spreads lead to the lowest rates of 2025 Read More »
A surprising July jobs report, which included downward revisions to early 2025 data, drove mortgage rates to their lowest mark in months, Freddie Mac reported. The 30-year fixed-rate average decreased to 6.63% as of Aug. 7, according to the government-sponsored enterprise’s weekly Primary Mortgage Market survey. The average dropped 9 basis points from 6.72% in
Mortgage rates drop to lowest level this summer Read More »