🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗠𝗮𝘆 𝟭𝟲, 𝟮𝟬𝟮𝟮𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍 Mortgage rates improved last week after hitting some of the highest rates seen since 2018 the previous week. Last week's inflation data showed inflation is still a problem, but was slightly better than the previous month.𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗵𝗼𝗹𝗱 𝘀𝘁𝗲𝗮𝗱𝘆, 𝗰𝗼𝘂𝗹𝗱 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝘆 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 👍 Mortgage rates should continue to stabilize this week, meaning that we shouldn't see rates continue to creep higher week after week as we have seen through most of 2022. Markets have already priced in the next couple of expected half point Fed rate hikes in June and July, giving mortgage rates a chance to settle down. It is unlikely we see rates drop significantly from here, and although rates may fluctuate up and down a bit like normal we don't appear to be at risk of rapidly rising rates this week.🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:- Economic data: This week's economic data includes retail sales and housing reports, but shouldn't affect rates for the week.- Fed rate hikes: The Fed is expected to raise rates at the next couple of meetings, but comments by Fed officials have markets anticipating half point rate hikes which have already been accounted for. If something changes here, it could affect rates.#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
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How to qualify for a mortgage using overtime, commission or bonus. #mortgage #mortgagetips #firsttimehomebuyer #preapproval ... See MoreSee Less
Reach out today to learn more! ... See MoreSee Less
Mortgage Tip - Credit Inquiries What you need to know when shopping for a mortgage or car loan. #mortgagetips #mortgage #firsttimehomebuyer #mortgagehelp #creditrepair ... See MoreSee Less
🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗠𝗮𝘆 𝟵, 𝟮𝟬𝟮𝟮𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗵𝗶𝗴𝗵𝗲𝗿 👎 Average mortgage rates moved higher last week as markets adjusted to the Fed's half point rate increase and Fed Chair Jerome Powell's press conference. It is important to note that although the Fed's actions and comments did lead to rates creeping higher, the Fed does not set mortgage rates and mortgage rates did not move a half point higher.𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲 𝗺𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗼𝗻 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗱𝗮𝘁𝗮 🤔 Although the overall trend is for rates to creep higher, we could see rates improve a little bit as long as we don't get a negative reaction to this week's inflation data. However, if the reaction is negative, rates could worsen slightly.🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:- Economic data: A quiet week for data, but Wednesday's consumer inflation data and to a lesser extent Thursday's wholesale inflation data could affect rates this week.- China shutdowns: China's lockdowns continue, causing concerns that supply chain interruptions could once again contribute to higher inflation, which is not good for rates.- Fed speakers: Markets are listening to Fed officials' comments, looking for clues on the Fed's intended actions. It is possible we could see comments that help or pressure rates this week.#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Congratulations Jessica R. on your refinance closing and using your credit union mortgage partner, Audra Santos. ... See MoreSee Less
To all the moms and mentors out there, thank you for your inspiration and guidance in our lives. Wishing you a well-deserved day of celebration filled with joy and loved ones. Happy Mother's Day! ... See MoreSee Less
"𝗜'𝗹𝗹 𝗻𝗲𝘃𝗲𝗿 𝗱𝗼 𝘁𝗵𝗮𝘁 𝗮𝗴𝗮𝗶𝗻!" 😡That's what I hear from any of my clients that started out by looking online for mortgage rate information, only to have their phone and email blow up with salespeople hounding them and hassling them at all hours of the day.👉 If you want to learn more about where rates are at, what rates you qualify for, and if buying a home or refinancing makes sense for you... simply contact me at your convenience and save yourself the hassles and headaches. I can give you your options, answer all your questions, and make the process convenient and easy.𝗚𝗼 𝗮𝗵𝗲𝗮𝗱 𝗮𝗻𝗱 𝗗𝗠 𝗺𝗲, 𝗰𝗮𝗹𝗹 𝗼𝗿 𝘁𝗲𝘅𝘁 𝗺𝗲, 𝗼𝗿 𝘀𝗶𝗺𝗽𝗹𝘆 𝘀𝗲𝗻𝗱 𝗺𝗲 𝗮𝗻 𝗲𝗺𝗮𝗶𝗹. 𝗜 𝗹𝗼𝗼𝗸 𝗳𝗼𝗿𝘄𝗮𝗿𝗱 𝘁𝗼 𝗵𝗲𝗮𝗿𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝘆𝗼𝘂. ... See MoreSee Less
An important mortgage tip-something you need to know if you are applying for a loan….#mortgagetips #mortgage #mortgagelender #creditscore #creditrepair ... See MoreSee Less
Let's TACO-bout mortgages! 🌮 #cincodemayo ... See MoreSee Less
English
Spanish
🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗠𝗮𝘆 𝟭𝟲, 𝟮𝟬𝟮𝟮
𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Mortgage rates improved last week after hitting some of the highest rates seen since 2018 the previous week. Last week's inflation data showed inflation is still a problem, but was slightly better than the previous month.
𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗵𝗼𝗹𝗱 𝘀𝘁𝗲𝗮𝗱𝘆, 𝗰𝗼𝘂𝗹𝗱 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝘆 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 👍
Mortgage rates should continue to stabilize this week, meaning that we shouldn't see rates continue to creep higher week after week as we have seen through most of 2022. Markets have already priced in the next couple of expected half point Fed rate hikes in June and July, giving mortgage rates a chance to settle down. It is unlikely we see rates drop significantly from here, and although rates may fluctuate up and down a bit like normal we don't appear to be at risk of rapidly rising rates this week.
🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: This week's economic data includes retail sales and housing reports, but shouldn't affect rates for the week.
- Fed rate hikes: The Fed is expected to raise rates at the next couple of meetings, but comments by Fed officials have markets anticipating half point rate hikes which have already been accounted for. If something changes here, it could affect rates.
#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Comment on Facebook
How to qualify for a mortgage using overtime, commission or bonus. #mortgage #mortgagetips #firsttimehomebuyer #preapproval ... See MoreSee Less
Comment on Facebook
Reach out today to learn more! ... See MoreSee Less
Comment on Facebook
Mortgage Tip - Credit Inquiries What you need to know when shopping for a mortgage or car loan. #mortgagetips #mortgage #firsttimehomebuyer #mortgagehelp #creditrepair ... See MoreSee Less
Comment on Facebook
🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗠𝗮𝘆 𝟵, 𝟮𝟬𝟮𝟮
𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Average mortgage rates moved higher last week as markets adjusted to the Fed's half point rate increase and Fed Chair Jerome Powell's press conference. It is important to note that although the Fed's actions and comments did lead to rates creeping higher, the Fed does not set mortgage rates and mortgage rates did not move a half point higher.
𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲 𝗺𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝘁 𝗼𝗻 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗱𝗮𝘁𝗮 🤔
Although the overall trend is for rates to creep higher, we could see rates improve a little bit as long as we don't get a negative reaction to this week's inflation data. However, if the reaction is negative, rates could worsen slightly.
🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A quiet week for data, but Wednesday's consumer inflation data and to a lesser extent Thursday's wholesale inflation data could affect rates this week.
- China shutdowns: China's lockdowns continue, causing concerns that supply chain interruptions could once again contribute to higher inflation, which is not good for rates.
- Fed speakers: Markets are listening to Fed officials' comments, looking for clues on the Fed's intended actions. It is possible we could see comments that help or pressure rates this week.
#mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance ... See MoreSee Less
Comment on Facebook
Congratulations Jessica R. on your refinance closing and using your credit union mortgage partner, Audra Santos. ... See MoreSee Less
Comment on Facebook
To all the moms and mentors out there, thank you for your inspiration and guidance in our lives. Wishing you a well-deserved day of celebration filled with joy and loved ones.
Happy Mother's Day! ... See MoreSee Less
Comment on Facebook
"𝗜'𝗹𝗹 𝗻𝗲𝘃𝗲𝗿 𝗱𝗼 𝘁𝗵𝗮𝘁 𝗮𝗴𝗮𝗶𝗻!" 😡
That's what I hear from any of my clients that started out by looking online for mortgage rate information, only to have their phone and email blow up with salespeople hounding them and hassling them at all hours of the day.
👉 If you want to learn more about where rates are at, what rates you qualify for, and if buying a home or refinancing makes sense for you... simply contact me at your convenience and save yourself the hassles and headaches. I can give you your options, answer all your questions, and make the process convenient and easy.
𝗚𝗼 𝗮𝗵𝗲𝗮𝗱 𝗮𝗻𝗱 𝗗𝗠 𝗺𝗲, 𝗰𝗮𝗹𝗹 𝗼𝗿 𝘁𝗲𝘅𝘁 𝗺𝗲, 𝗼𝗿 𝘀𝗶𝗺𝗽𝗹𝘆 𝘀𝗲𝗻𝗱 𝗺𝗲 𝗮𝗻 𝗲𝗺𝗮𝗶𝗹. 𝗜 𝗹𝗼𝗼𝗸 𝗳𝗼𝗿𝘄𝗮𝗿𝗱 𝘁𝗼 𝗵𝗲𝗮𝗿𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 𝘆𝗼𝘂. ... See MoreSee Less
Comment on Facebook
An important mortgage tip-something you need to know if you are applying for a loan….
#mortgagetips #mortgage #mortgagelender #creditscore #creditrepair ... See MoreSee Less
Comment on Facebook
Let's TACO-bout mortgages! 🌮 #cincodemayo ... See MoreSee Less
Comment on Facebook