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🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝘂𝗻𝗲 𝟮𝟳, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 👍
Average mortgage rates improved slightly last week, coming down from the highest levels seen since 2008 but not yet returning to the same range of rates seen a few weeks ago. The improvement in rates was driven by recession fears, as markets are now more afraid of a recession than of inflation. Investors are concerned that aggressive Fed rate hikes anticipated by the end of the year to fight inflation will push the economy into a recession.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝗿𝗲𝗺𝗮𝗶𝗻 𝗿𝗲𝗹𝗮𝘁𝗶𝘃𝗲𝗹𝘆 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 🤏
Average mortgage rates may worsen a bit to start the week, but will likely improve as the week goes on to basically end the week about the same as we start it. Recently mortgage rates were driven higher by fears of inflation, but now fears of recession are helping them come down again. Markets will close early on Friday for the long Independence Day weekend and will be closed on Monday, as are most mortgage lenders.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Recession fears: Concerns that the aggressive Fed rate hikes to come will cool off the economy have investors looking to the safety of bonds, helping mortgage rates.
- Economic data: A full week of data, but most of it will not have much affect on mortgage rates this week.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
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🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝘂𝗻𝗲 𝟮𝟳, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 👍 
Average mortgage rates improved slightly last week, coming down from the highest levels seen since 2008 but not yet returning to the same range of rates seen a few weeks ago. The improvement in rates was driven by recession fears, as markets are now more afraid of a recession than of inflation. Investors are concerned that aggressive Fed rate hikes anticipated by the end of the year to fight inflation will push the economy into a recession.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝗿𝗲𝗺𝗮𝗶𝗻 𝗿𝗲𝗹𝗮𝘁𝗶𝘃𝗲𝗹𝘆 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 🤏 
Average mortgage rates may worsen a bit to start the week, but will likely improve as the week goes on to basically end the week about the same as we start it. Recently mortgage rates were driven higher by fears of inflation, but now fears of recession are helping them come down again. Markets will close early on Friday for the long Independence Day weekend and will be closed on Monday, as are most mortgage lenders.

🗓️ 𝗪𝗵𝗮𝘁𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Recession fears: Concerns that the aggressive Fed rate hikes to come will cool off the economy have investors looking to the safety of bonds, helping mortgage rates. 
- Economic data: A full week of data, but most of it will not have much affect on mortgage rates this week.

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

Summertime is right around the corner! Before you bust out the sunscreen and head to the outdoors, you’ll want to ensure that your home is also ready for summer’s heat. These home preparation tips will help your home stay cool without skyrocketing your energy bill.

1. Install a Programmable Thermostat

These thermostats allow you to set automatic temperature controls for maximum comfort. They are great energy efficient alternatives to air conditioning during hot summer months. Higher temperatures when you are not home keep costs lower.

2. Replace Your Air Filter

Your HVAC system’s air filter gets a lot more use during the summer. So, check it every thirty days throughout the summer and replace it when necessary.

3. Practice Smart Landscaping

Strategically planting shrubs and leafy trees near your home’s windows is an excellent way to prevent those same windows from transferring excess heat into your home.

4. Install Exterior Window Coverings

If you aren’t able to use nature to your advantage, another great way to protect windows is by adding awnings or screen shades to shade their exterior side.

5. Update Your Home’s Insulation

Pay close attention to your attic and the levels between your home’s conditioned and unconditioned spaces. Extra insulation can be added on top of existing material, but consider contacting a professional for appropriate installation and removal.

To learn more about preparing your home for the extreme weather of summer, don't hesitate to reach out to Audra Santos via a call or text to 203-526-9345. She can help you along the way and point you in the direction of energy professionals.
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Summertime is right around the corner! Before you bust out the sunscreen and head to the outdoors, you’ll want to ensure that your home is also ready for summer’s heat. These home preparation tips will help your home stay cool without skyrocketing your energy bill.

1. Install a Programmable Thermostat

These thermostats allow you to set automatic temperature controls for maximum comfort. They are great energy efficient alternatives to air conditioning during hot summer months. Higher temperatures when you are not home keep costs lower. 

2. Replace Your Air Filter

Your HVAC system’s air filter gets a lot more use during the summer. So, check it every thirty days throughout the summer and replace it when necessary.

3. Practice Smart Landscaping

Strategically planting shrubs and leafy trees near your home’s windows is an excellent way to prevent those same windows from transferring excess heat into your home.

4. Install Exterior Window Coverings

If you aren’t able to use nature to your advantage, another great way to protect windows is by adding awnings or screen shades to shade their exterior side.

5. Update Your Home’s Insulation

Pay close attention to your attic and the levels between your home’s conditioned and unconditioned spaces. Extra insulation can be added on top of existing material, but consider contacting a professional for appropriate installation and removal.

To learn more about preparing your home for the extreme weather of summer, dont hesitate to reach out to Audra Santos via a call or text to 203-526-9345.  She can help you along the way and point you in the direction of energy professionals.

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝘂𝗻𝗲 𝟮𝟬, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Rates moved higher last week, with the highest rates coming Monday and Tuesday before the Fed meeting on Wednesday as markets reacted to the previous week's inflation data. The Fed raised the fed funds rate by 0.75%, a significant increase meant to fight inflation, which actually helped mortgage rates improve from the highest levels seen since 2008.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
Markets will reopen Tuesday after observing Juneteenth and mortgage rates this week could continue to be volatile, moving up and down significantly as markets come to terms with the current economic picture. However, there is a pretty good chance that rates could improve on the week, at least slightly, now that rates have adjusted for the expectations of more aggressive Fed rate hikes to come in July and September. That said, we aren't yet in a position to expect rates to fall too far from here.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Inflation: Ongoing concerns about inflation continue to pressure mortgage rates higher.
- The Fed: Fed Chair Jerome Powell will appear in front of Congress this week in his semi-annual monetary policy report, and his prepared as well as live comments could affect rates this week.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
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🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝘂𝗻𝗲 𝟮𝟬, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Rates moved higher last week, with the highest rates coming Monday and Tuesday before the Fed meeting on Wednesday as markets reacted to the previous weeks inflation data. The Fed raised the fed funds rate by 0.75%, a significant increase meant to fight inflation, which actually helped mortgage rates improve from the highest levels seen since 2008.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
Markets will reopen Tuesday after observing Juneteenth and mortgage rates this week could continue to be volatile, moving up and down significantly as markets come to terms with the current economic picture. However, there is a pretty good chance that rates could improve on the week, at least slightly, now that rates have adjusted for the expectations of more aggressive Fed rate hikes to come in July and September. That said, we arent yet in a position to expect rates to fall too far from here.

🗓️ 𝗪𝗵𝗮𝘁𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Inflation: Ongoing concerns about inflation continue to pressure mortgage rates higher.
- The Fed: Fed Chair Jerome Powell will appear in front of Congress this week in his semi-annual monetary policy report, and his prepared as well as live comments could affect rates this week.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
I am proud to work for a company that is CHFA approved & able to offer the new program that Governor Lamont just announced. This new program is offering up to $50,000 to help first time homebuyers. Contact me today for details 203-526-9345.
New 5.0-star Review: Audra was great!  Walked us through our options and helped us to get our home!  She kept on schedule and made sure every was smooth and we closed on time. Highly Recommended!!!

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗷𝘂𝗺𝗽𝗲𝗱 𝗔 𝗟𝗢𝗧 𝘀𝗶𝗻𝗰𝗲 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸... 𝘄𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱 𝗮𝗻𝗱 𝘄𝗶𝗹𝗹 𝗶𝘁 𝘁𝘂𝗿𝗻 𝗮𝗿𝗼𝘂𝗻𝗱?

The short answer is that last Friday's inflation data sent markets spiraling, because inflation still shows no signs of slowing down. Inflation is bad for rates, and the reaction by markets pushed mortgage rates shooting higher Friday, only to continue higher on Monday and Tuesday as markets prepared for a larger Fed policy rate hike this week.

The Fed did indeed raise rates more than originally forecast today, by .75%. It is important to realize though that this rate increase was for the Fed's policy rate, the fed funds rate. This was not a direct increase to mortgage rates, which the Fed doesn't control and which had already increased in expectations of this move by the Fed.

The good news is that when the Fed raised rates this week, mortgage rates actually IMPROVED. That is because the markets had already priced the move in, and investors are happy to see the Fed is aggressively acting to bring down inflation. Although we have seen extreme volatility in rates, we could see rates continue to improve as we end the week.

𝗥𝗮𝘁𝗲𝘀 𝗿𝗶𝗴𝗵𝘁 𝗻𝗼𝘄 𝗮𝗿𝗲 𝗮 𝗿𝗼𝗹𝗹𝗲𝗿 𝗰𝗼𝗮𝘀𝘁𝗲𝗿, 𝗮𝗻𝗱 𝗮𝗹𝘁𝗵𝗼𝘂𝗴𝗵 𝗻𝗼 𝗼𝗻𝗲 𝗵𝗮𝘀 𝗮 𝗰𝗿𝘆𝘀𝘁𝗮𝗹 𝗯𝗮𝗹𝗹 𝗜'𝗱 𝗯𝗲 𝗴𝗹𝗮𝗱 𝘁𝗼 𝘁𝗮𝗹𝗸 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂 𝗮𝗻𝘆𝘁𝗶𝗺𝗲 𝗮𝗯𝗼𝘂𝘁 𝘄𝗵𝗮𝘁 𝗺𝗶𝗴𝗵𝘁 𝗯𝗲 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗺𝗼𝘃𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂 𝗶𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗶𝗻𝗴 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝘆 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴. 𝗙𝗲𝗲𝗹 𝗳𝗿𝗲𝗲 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝗯𝘆 𝗽𝗵𝗼𝗻𝗲, 𝘁𝗲𝘅𝘁, 𝗲𝗺𝗮𝗶𝗹 𝗼𝗿 𝗗𝗠 𝗺𝗲.

#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance
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𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗷𝘂𝗺𝗽𝗲𝗱 𝗔 𝗟𝗢𝗧 𝘀𝗶𝗻𝗰𝗲 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸... 𝘄𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱 𝗮𝗻𝗱 𝘄𝗶𝗹𝗹 𝗶𝘁 𝘁𝘂𝗿𝗻 𝗮𝗿𝗼𝘂𝗻𝗱?

The short answer is that last Fridays inflation data sent markets spiraling, because inflation still shows no signs of slowing down. Inflation is bad for rates, and the reaction by markets pushed mortgage rates shooting higher Friday, only to continue higher on Monday and Tuesday as markets prepared for a larger Fed policy rate hike this week.

The Fed did indeed raise rates more than originally forecast today, by .75%. It is important to realize though that this rate increase was for the Feds policy rate, the fed funds rate. This was not a direct increase to mortgage rates, which the Fed doesnt control and which had already increased in expectations of this move by the Fed.

The good news is that when the Fed raised rates this week, mortgage rates actually IMPROVED. That is because the markets had already priced the move in, and investors are happy to see the Fed is aggressively acting to bring down inflation. Although we have seen extreme volatility in rates, we could see rates continue to improve as we end the week.

𝗥𝗮𝘁𝗲𝘀 𝗿𝗶𝗴𝗵𝘁 𝗻𝗼𝘄 𝗮𝗿𝗲 𝗮 𝗿𝗼𝗹𝗹𝗲𝗿 𝗰𝗼𝗮𝘀𝘁𝗲𝗿, 𝗮𝗻𝗱 𝗮𝗹𝘁𝗵𝗼𝘂𝗴𝗵 𝗻𝗼 𝗼𝗻𝗲 𝗵𝗮𝘀 𝗮 𝗰𝗿𝘆𝘀𝘁𝗮𝗹 𝗯𝗮𝗹𝗹 𝗜𝗱 𝗯𝗲 𝗴𝗹𝗮𝗱 𝘁𝗼 𝘁𝗮𝗹𝗸 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂 𝗮𝗻𝘆𝘁𝗶𝗺𝗲 𝗮𝗯𝗼𝘂𝘁 𝘄𝗵𝗮𝘁 𝗺𝗶𝗴𝗵𝘁 𝗯𝗲 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗺𝗼𝘃𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂 𝗶𝗳 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗶𝗻𝗴 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝘆 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴. 𝗙𝗲𝗲𝗹 𝗳𝗿𝗲𝗲 𝘁𝗼 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝗯𝘆 𝗽𝗵𝗼𝗻𝗲, 𝘁𝗲𝘅𝘁, 𝗲𝗺𝗮𝗶𝗹 𝗼𝗿 𝗗𝗠 𝗺𝗲.

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