Mortgage interest rates increased across all loan types last week as the Federal Reserve’s signaling of tighter policy ahead pushed U.S. Treasury yields higher. The 30-year fixed rate hit 3.52 percent, its highest level since March 2020 according to the MBA’s Associate Vice President of Economic and Industry Forecasting. “Rates at these levels are quickly…

Mortgage Interest Rates started a new year on an upswing, although they still remain historically low. The average rate on 30-year mortgages kicked off the year at 3.4 percent, their highest level since June 2020. Mortgage experts expect rates to continue their climb from the all-time bottom achieved in January 2021, but the latest public-health…

Home prices continue to go higher while inventory remains low and new home construction cannot happen fast enough.  Builders can’t keep up with demand.  There are many potential home buyers who would like to take advantage of low mortgage rates, but competition among buyers is strong. Even offering more than the asking price is often…

Mortgage interest rates are down below 3.0%, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow. In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually. Substantial opportunity continues to exist today, as nearly $2 trillion in conforming mortgages have the ability…

Mortgage rates hit a record low of 2.65% for a 30 year loan back in January. Since then, a combination of Covid 19 vaccine roll outs and a recovering economy have boosted rates fairly steadily. Rates climbed over 3.0%, and refinance and purchase volume began to slow. As of this week, we’re beginning to see…

Mortgage interest rates have remained under 3.0% for three consecutive weeks. Consumer income and spending are picking up, which is leading to an acceleration in economic growth. The combination of low and stable rates, coupled with an improving economy, is good for home buyers. It’s also good for homeowners who may have missed prior opportunities…

Although mortgage rates remain low, we are beginning to see a pullback by those looking to enter the housing market. In fact, home buyer demand has gone from 25% above pre-COVID levels at the start of the year, when mortgage rates hit record lows, to 8% above pre-COVID levels today. We even see that purchase…