I could think of the other day that Trump’s plan to reduce mortgage rates could be done by increased unemployment. While everyone is apparently focused on the other side of the medal, inflation is perhaps the right place to look at. We talked about prices and deportations when we may have to talk about all … Read more
This was good weeks for mortgage rates, which benefited from a delay on prices and some favorable economic data. Between a slowdown in the economy, reduced inflation and the thought that prices could be exaggerated, bond return at 10 years has improved considerably. Since reached its 2025 summit by 4.81% on January 13, it has … Read more
If you have a quick release from Fannie Mae and Freddie Mac, you may want to be patient. While the chances that the pair coming out of the tutelage has increased sharply once Trump’s second term, he still faces a difficult battle. One of the main bonding points is mortgage rates, which many expect to … Read more
You’ve probably heard that one of President Trump’s objectives is to reduce mortgage rates. He talked about it on the campaign track before being elected and continued to ask for lower prices since the election victory. Like most others, it is well aware that the affordability of housing is poor today and that the rate … Read more
As I said before when talking about mortgage, what a difference a week can make. Or even a few days. If you’re new to mortgage rates, be aware that they can be very volatile. And can change from one day to the next. Similar to a stock, the price might not be the same tomorrow … Read more
What a difference a year makes. Toward the end of 2023, mortgage rates fell nearly 150 basis points to usher in the new year. Meanwhile, mortgage rates jumped about 100 basis points to close out 2024. Ouch! In other words, things looked bright heading into 2024 and are looking a little bleak in comparison as … Read more
If you’ve been reading the headlines recently, you’ve probably noticed that mortgage rates have risen again. And they did this despite another rate cut from the Fed, which confused many people. I’ve talked about this strange relationship before, but today I wanted to talk about real numbers. Yes, mortgage rates increased again by over 7% … Read more
Well, it happened again. The Federal Reserve announced another rate cut and mortgage rates increased. In fact, the 30-year fixed term now starts with 7 instead of 6 for most loan scenarios. What is happening? Although it seems to defy logic, it is a fairly common phenomenon. This also happened in September. This should make … Read more
When mortgage rates fell to around 6% in August, homeowners jumped at the chance to refinance. During the months of September and October, more than 300,000 borrowers entered into refinancing, including nearly 150,000 rate and term refinances, according to ICE’s latest Mortgage Monitor report. This pushed refinancing volumes to their highest levels in more than … Read more
Mortgage rates have been very turbulent this year. The 30-year fixed rate started 2024 at around 6.625% and is currently not far from those levels. Despite this, rates were as low as 6% and as high as 7.50%. So there’s been a lot of diversity over the last 50 weeks. Rates rebounded last December after … Read more