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Did you know....🐶🐈

Source: National Association of Realtors

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟭𝟱, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗯𝗲𝘁𝘁𝗲𝗿 👍
Average mortgage rates improved slightly last week after data came in showing both consumer and wholesale inflation may have peaked and could now start to move lower.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝘄𝗼𝗿𝘀𝗲𝗻 👎
While rates are not likely to get significantly higher this week, we could see them get slightly worse if markets shift to anticipating a larger Fed rate hike at the September meeting. Right now markets are divided on whether the Fed will raise policy rates by .50 or .75, and mortgage rates will worsen on speculation of the larger hike.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A full week of housing data will factor into traders concerns, but won't affect rates directly. Wednesday's retail sales data may cause some volatility that day.
- The Fed: Minutes from July's Fed meeting come out Wednesday, and markets will be looking for signals of how aggressive the Fed plans to be at the September meeting with the next policy rate hike.
- Technical indicators: Mortgage rates are based on the performance of mortgage bonds, and this week we have some technical indicators that point to bonds struggling to improve from here, which could cap rate improvements and instead cause rates to worsen.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
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🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟭𝟱, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗯𝗲𝘁𝘁𝗲𝗿 👍
Average mortgage rates improved slightly last week after data came in showing both consumer and wholesale inflation may have peaked and could now start to move lower.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝘄𝗼𝗿𝘀𝗲𝗻 👎
While rates are not likely to get significantly higher this week, we could see them get slightly worse if markets shift to anticipating a larger Fed rate hike at the September meeting. Right now markets are divided on whether the Fed will raise policy rates by .50 or .75, and mortgage rates will worsen on speculation of the larger hike.

🗓️ 𝗪𝗵𝗮𝘁𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸: 
- Economic data: A full week of housing data will factor into traders concerns, but wont affect rates directly. Wednesdays retail sales data may cause some volatility that day.
- The Fed: Minutes from Julys Fed meeting come out Wednesday, and markets will be looking for signals of how aggressive the Fed plans to be at the September meeting with the next policy rate hike.
- Technical indicators: Mortgage rates are based on the performance of mortgage bonds, and this week we have some technical indicators that point to bonds struggling to improve from here, which could cap rate improvements and instead cause rates to worsen.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance

𝗪𝗵𝗲𝘁𝗵𝗲𝗿 𝘆𝗼𝘂'𝗿𝗲 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝗮 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝘁𝗼 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗲, 𝘁𝗵𝗲𝘀𝗲 𝗮𝗿𝗲 𝟰 𝘁𝗵𝗶𝗻𝗴𝘀 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱 𝗡𝗢𝗧 𝗱𝗼...

🚫 Make any large purchases like a new car or furniture for your new home
Even if you don't have to pay any interest or make any payments for awhile, new purchases come with new debt that will have to be factored in and can affect qualifying for your loan.

🚫 Deposit cash into your bank account
All money into and out of your accounts has be be accounted for during the mortgage process, even if not being used for the mortgage or a down payment. Talk with me about how to document unexpected or large deposits, especially cash deposits.

🚫 Quit or change jobs.
Now isn't the time to make a move, even for a better opportunity... at least not without talking to me first about how it can impact your loan.

🚫 Open (or even close) credit accounts
Don't take that new store card to save 10% on your purchase, don't pay off old debts or collections, and don't close or pay off any other accounts. Some of these actions can have unexpected consequences to your credit score, so be sure to talk with me first.

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗜'𝗺 𝗮𝗹𝘄𝗮𝘆𝘀 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽. 𝗜𝗳 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝗺𝗲𝘀 𝘂𝗽 𝗮𝗻𝗱 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝘀𝗼𝗼𝗻, 𝗯𝗲 𝘀𝘂𝗿𝗲 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝘁𝗼 𝗺𝗲 𝗳𝗼𝗿 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲.
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𝗪𝗵𝗲𝘁𝗵𝗲𝗿 𝘆𝗼𝘂𝗿𝗲 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝗮 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝘁𝗼 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗲, 𝘁𝗵𝗲𝘀𝗲 𝗮𝗿𝗲 𝟰 𝘁𝗵𝗶𝗻𝗴𝘀 𝘆𝗼𝘂 𝘀𝗵𝗼𝘂𝗹𝗱 𝗡𝗢𝗧 𝗱𝗼...

🚫 Make any large purchases like a new car or furniture for your new home
Even if you dont have to pay any interest or make any payments for awhile, new purchases come with new debt that will have to be factored in and can affect qualifying for your loan.

🚫 Deposit cash into your bank account
All money into and out of your accounts has be be accounted for during the mortgage process, even if not being used for the mortgage or a down payment. Talk with me about how to document unexpected or large deposits, especially cash deposits.

🚫 Quit or change jobs.
Now isnt the time to make a move, even for a better opportunity... at least not without talking to me first about how it can impact your loan.

🚫 Open (or even close) credit accounts
Dont take that new store card to save 10% on your purchase, dont pay off old debts or collections, and dont close or pay off any other accounts. Some of these actions can have unexpected consequences to your credit score, so be sure to talk with me first.

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗜𝗺 𝗮𝗹𝘄𝗮𝘆𝘀 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽. 𝗜𝗳 𝗮𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻𝘀 𝗰𝗼𝗺𝗲𝘀 𝘂𝗽 𝗮𝗻𝗱 𝘆𝗼𝘂𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝘀𝗼𝗼𝗻, 𝗯𝗲 𝘀𝘂𝗿𝗲 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝘁𝗼 𝗺𝗲 𝗳𝗼𝗿 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲.
There are many benefits to owning a home! Reach out to learn more!

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟴, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗼𝗿𝘀𝗲 👎
Average mortgage rates started off last week improving, but ended the week higher after strong jobs and unemployment data showed the labor market wasn't yet cooling off. The number of new jobs created was more than double what was forecast, and unemployment numbers fell. A strong labor market means the Fed is more likely to raise rates higher at the September Fed meeting, and mortgage rates were negatively impacted on the speculation.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝘀𝗲𝗲 𝘀𝗼𝗺𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 ⚠️
Mortgage rates this week could move significantly day-to-day based on how markets react to consumer and wholesale inflation data as well as consumer sentiment readings. The longer term outlook is still good for rates, but it is a good week to stay in touch with your mortgage professional if you have a loan closing soon.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Consumer inflation data comes in on Wednesday, and wholesale inflation data comes in Thursday. Consumer sentiment data comes in on Friday. If markets see inflation peaking or retreating, that will be good for rates, but if inflation is strong that could be bad for rates this week.
- Fed speakers: Multiple Fed speakers this week could influence rates.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
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🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟴, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗼𝗿𝘀𝗲 👎 
Average mortgage rates started off last week improving, but ended the week higher after strong jobs and unemployment data showed the labor market wasnt yet cooling off. The number of new jobs created was more than double what was forecast, and unemployment numbers fell. A strong labor market means the Fed is more likely to raise rates higher at the September Fed meeting, and mortgage rates were negatively impacted on the speculation.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝘀𝗲𝗲 𝘀𝗼𝗺𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 ⚠️ 
Mortgage rates this week could move significantly day-to-day based on how markets react to consumer and wholesale inflation data as well as consumer sentiment readings. The longer term outlook is still good for rates, but it is a good week to stay in touch with your mortgage professional if you have a loan closing soon.

🗓️ 𝗪𝗵𝗮𝘁𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Consumer inflation data comes in on Wednesday, and wholesale inflation data comes in Thursday. Consumer sentiment data comes in on Friday. If markets see inflation peaking or retreating, that will be good for rates, but if inflation is strong that could be bad for rates this week.
- Fed speakers: Multiple Fed speakers this week could influence rates.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟬𝟭, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Average mortgage rates improved once again last week despite a strong inflation reading on Friday, as fears of recession outweighed fears of inflation. The Fed raised the fed funds rate .75%, but that doesn't raise mortgage rates. Mortgage rates actually improved on the news, because of the Fed's strong moves to fight inflation.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 👍
As the week starts, it looks like mortgage rates are poised to improve further as recent economic data shows that the aggressive Fed rate hikes have started to slow the economy, which should help curb inflation. There is speculation that runaway inflation has now peaked, and we could be seeing a tipping point where rates may move lower in August than what we averaged in July.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A quiet week for data that will have a strong impact on mortgage rates, other than Friday's jobs data. If the jobs data shows the labor market is softening, it could help rates improve. A strong showing though could be bad for mortgage rates in the short term.
- Fed speakers: As different Fed members speak this week, we could see rates react to speculation of future Fed actions.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
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🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗔𝘂𝗴𝘂𝘀𝘁 𝟬𝟭, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Average mortgage rates improved once again last week despite a strong inflation reading on Friday, as fears of recession outweighed fears of inflation. The Fed raised the fed funds rate .75%, but that doesnt raise mortgage rates. Mortgage rates actually improved on the news, because of the Feds strong moves to fight inflation.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 👍
As the week starts, it looks like mortgage rates are poised to improve further as recent economic data shows that the aggressive Fed rate hikes have started to slow the economy, which should help curb inflation. There is speculation that runaway inflation has now peaked, and we could be seeing a tipping point where rates may move lower in August than what we averaged in July.

🗓️ 𝗪𝗵𝗮𝘁𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A quiet week for data that will have a strong impact on mortgage rates, other than Fridays jobs data. If the jobs data shows the labor market is softening, it could help rates improve. A strong showing though could be bad for mortgage rates in the short term.
- Fed speakers: As different Fed members speak this week, we could see rates react to speculation of future Fed actions.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
Contact Audra Santos to learn more. 203-526-9345 or audra@mycupartner.com.
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