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Mortgage Rates Pull Back

March 16, 2023 by Jim Emond

March 16, 2023
Mortgage rates are down following an increase of more than half a percent over five consecutive weeks. Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short-term. During times of high mortgage rate volatility, homebuyers would greatly benefit from shopping for additional rate quotes. Our research concludes that homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among multiple lenders.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Mortgage Rates Continue Their Upward Trajectory

March 9, 2023 by Jim Emond

March 9, 2023
Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy. Overall, consumers are spending in sectors that are not interest rate sensitive, such as travel and dining out. However, rate-sensitive sectors, such as housing, continue to be adversely affected. As a result, would-be homebuyers continue to face the compounding challenges of affordability and low inventory.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Mortgage Rates Trend Up

February 23, 2023 by Jim Emond

February 23, 2023
The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation. Our research shows that rate dispersion increases as mortgage rates trend up. This means homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among lenders to find a better rate.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Mortgage Rates Increase for the Second Consecutive Week

February 16, 2023 by Jim Emond

February 16, 2023
Mortgage rates moved up for the second consecutive week. The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing. Overall housing costs are also increasing and therefore impacting inflation, which continues to persist.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Mortgage Rates Increase Slightly

February 9, 2023 by Jim Emond

February 9, 2023
Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their way back to the market just in time for the spring homebuying season.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

December Monthly Skinny Video

February 6, 2023 by Jim Emond

Filed Under: Monthly Skinny Video

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