Welcome to TeamEmond

  • Home
  • Search
  • Our Listings
  • Buyers
  • Sellers
  • News
  • About TeamEmond
  • Contact
Menu
  • Home
  • Search
  • Our Listings
  • Buyers
  • Sellers
  • News
  • About TeamEmond
  • Contact

Mortgage Rates Continue to Hover in the Mid-Six Percent Range

January 11, 2024 by Jim Emond

January 11, 2024
Mortgage rates have not moved materially over the last three weeks and remain in the mid-six percent range, which has marginally increased homebuyer demand. Even this slight uptick in demand, combined with inventory that remains tight, continues to cause prices to rise faster than incomes, meaning affordability remains a major headwind for buyers. Potential homebuyers should look closely at existing state and local resources, such as down payment assistance programs, which can considerably help defray closing costs.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Mortgage Rates Move Sideways as Markets Digest Incoming Data

January 4, 2024 by Jim Emond

January 4, 2024
Between late October and mid-December, the 30-year fixed-rate mortgage plummeted more than a percentage point. However, since then rates have moved sideways as the market digests incoming economic data. Given the expectation of rate cuts this year from the Federal Reserve, as well as receding inflationary pressures, mortgage rates will likely continue to drift downward as the year unfolds. While lower mortgage rates are welcome news, potential homebuyers are still dealing with the dual challenges of low inventory and high home prices that continue to rise.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Heading into the New Year, Mortgage Rates Remain on a Downward Trend

December 28, 2023 by Jim Emond

December 28, 2023
The rapid descent of mortgage rates over the last two months stabilized a bit this week, but rates continue to trend down. Heading into the new year, the economy remains on firm ground with solid growth, a tight labor market, decelerating inflation, and a nascent rebound in the housing market.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

November Monthly Skinny Video

December 27, 2023 by Jim Emond

Filed Under: Monthly Skinny Video

Mortgage Rates Continue Their Fall Below Seven Percent

December 21, 2023 by Jim Emond

December 21, 2023
The 30-year fixed-rate mortgage remained below seven percent for the second week in a row, a welcome downward trend after 17 consecutive weeks above seven percent. Lower rates are bringing potential homebuyers who were previously waiting on the sidelines back into the market and builders already are starting to feel the positive effects. A rise in homebuilder confidence, followed by new home construction reaching its highest level since May, signals a response to meet heightened demand as current inventory remains low.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

Mortgage Rates Drop Below Seven Percent

December 14, 2023 by Jim Emond

December 14, 2023
Potential homebuyers received welcome news this week as mortgage rates dropped below seven percent for the first time since August. Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, there will likely be a gradual thawing of the housing market in the new year.

Information provided by Freddie Mac.

Filed Under: Monthly Skinny Video

  • « Previous Page
  • 1
  • …
  • 13
  • 14
  • 15
  • 16
  • 17
  • …
  • 48
  • Next Page »
Information Deemed Reliable But Not Guaranteed
Licensed In MN

Copyright © 2025 | TeamEmond