Daily Rate Update: May 24th-28th

Thursday – May 27, 2021 First-time unemployment claims fell to the lowest level since the shutdowns began last year. Weekly Initial Jobless Claims decreased to 406,000 for the week ended May 22, 2021, from 444,000 in the previous week. To … Read More

Technical Look At The Mortgage Market

Since the beginning of the pandemic, the government has extended 6 times the moratorium on foreclosures and evictions on federally backed, single-family home mortgages. The most recent extension expires on 6/30/2021. At the same tie, inflation is up 4.2% on … Read More

Daily Rate Update: May 17th-21st

Thursday – May 20, 2021 First-time unemployment claims fell to the lowest level since the shutdowns began last year. Weekly Initial Jobless Claims decreased to 444,000 for the week ended May 15, 2021, from 478,000 in the previous week. To … Read More

Mortgage Rates Remain Low For The Third Week In A Row

As suspected, the effects of the lockdowns on production, coupled with increased economic activity and the out of control government spending are causing inflation.   Demand for products and materials continue to rise, and production is not ramping up quick enough to … Read More

Daily Rate Update: May 10th-14th

Thursday – May 13, 2021 Home borrowing costs inched lower this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage fell four basis points to 2.94% with 0.7 in points and fees. A year … Read More

Daily Rate Update: May 3rd-7th

Thursday – May 6, 2021 Home borrowing costs inched lower this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage fell two basis points to 2.98% with 0.6 in points and fees. A year … Read More

Daily Rate Update: April 26th-30th

Friday – April 30, 2021 The Fed’s favorite inflation gauge, the annual Core PCE, rose 1.8% in March, up from 1.4% in February and inline with estimates. The monthly number rose 0.4% from the increase of 0.1% in February. The … Read More

Down-Payment Assistance Bill

The bill in legislature to help first-time homebuyers looks a lot different than previous drafts. President Joe Biden’s down-payment assistance bill would provide $25,000 to first-time homebuyers, but only those who are also first-generation homebuyers and economically disadvantaged. It is … Read More

Daily Rate Update: May 19th-23rd

Friday – April 23, 2021 The housing sector continues to be a bright light for the U.S. economy and should continue through 2021. The Census Bureau reports that New Home Sales rose 20% in March from February to an annual … Read More

The Great Reshuffling of America

Millions of Americans are entering the housing market and the shift away from urban areas is drastic. A recent Zillow survey showed that more than 1 in 10 Americans reported moving in the part 12 months. And now, with the … Read More

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