Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), […]
http://dlvr.it/Sfbsjd

Comments

Post a Comment

Popular posts from this blog

CPI Coming in Hot. Bonds Feeling The Burn

Image
It is a very straightforward morning for the bond market, but not in any sort of pleasant way.  There was a lot at stake heading into today's inflation data and the results carried clear implications for bonds.  Sadly, the implications are not great.  Core monthly inflation came in at 0.4% versus a 0.3% forecast.  Year over year numbers stayed at 3.9% rather than falling to the 3.7% forecast (extra decimals in the underlying numbers explain why we can see a 0.2% miss in annual but only a 0.1% miss in monthly).  Bonds shot higher immediately and somewhat significantly--easily breaking the 4.19% ceiling in 10yr Treasury yields.   This only increases the burden of proof on downbeat economic data to hearken a turning point in inflation. With a strong jobs report in the rearview, we're basically starting at square one. http://dlvr.it/T2hb0r
Read more

#ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers #BuyingMyths Down Payment Assistance Programs Can Help Pave the Way to Homeownership: If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. http://dlvr.it/T02BKX

Image
ICYMI: #ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers #BuyingMyths Down Payment Assistance Programs Can Help Pave the Way to Homeownership: If you’re looking to buy a home, your down payment doesn’t have to be a big hurdle. http://dlvr.it/T02BKX /> http://dlvr.it/T04kmm
Read more