Rates Continue to Rise Based on Economic Tension Mortgage rates increased another 10 basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released October 24th. This is now four consecutive weeks of increases as the continued strength in the economy drives mortgage rates higher. Over the last few years, there has …
Mortgage Rates Increase Again, But Are One Percent Lower Than A Year Ago Mortgage rates increased another 12 basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released October 17th. They have now increased for three consecutive weeks based on stronger than expected economic news. These higher rates reflect the strength …
Mortgage Rates Jump on Recent Economic News Mortgage rates increased 20 basis points last week according to the Freddie Mac Primary Mortgage Market Survey released October 10th. Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April. However, the rise in rates is largely …
Mortgage Rates Rise, But Fall Buying Conditions Are Improving Mortgage rates increased for the first time in the past six weeks, moving up four basis points last week according to the Freddie Mac Primary Mortgage Market Survey released October 3rd. The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions …
Mortgage Rates Decline, Refinances Surge: Opportunities for Homeowners and Buyers Mortgage rates declined one basis point last week according to the Freddie Mac Primary Mortgage Market Survey released September 26th. Although this week’s decline was slight, given the downward trajectory of rates, refinance activity continues to pick up, creating opportunities for many homeowners to trim …
Rates Tick Down on Weaker Than Expected Jobs Report After a five week climb, mortgage rates ticked down thirteen basis points from the prior week following a weaker than expected jobs report, according to the Freddie Mac Primary Mortgage Market Survey released May 9th. An environment where rates continue to hover above seven percent impacts …
Rates are Still Up, But Borrowers are Adapting. Mortgage rates increased another five basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released May 2nd. This is the fifth consecutive week of increases as we enter the heart of Spring Homebuying Season. On average, more than one-third of home …
Mortgage rates are on the rise, impacting homebuyer behavior despite steady purchase demand, while the US economy experiences slower growth than expected, influencing housing market dynamics and buyer decisions. Mortgage rates continue their upward movement, increasing another seven basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released April …
Mortgage rates surpass 7%, with applications up 3.3%. Retail sales grow 0.7%, but home sales dip amid rising prices and fluctuating rates. Mortgage rates moved up for the fourth week in a row, increasing 22 basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released April 18th. This marks …
This week’s financial update examines the continued rise in mortgage rates and robust job growth. We explore how sustained inflation and Federal Reserve policies are affecting the mortgage industry, with recent CPI data signaling a complicated path to lower inflation. Additionally, strong job market reports underscore economic resilience, influencing monetary policy.
Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
Link: https://tinyurl.com/2jp6kbmh
1098 forms were mailed 1/26/2024.
If you have questions or need assistance with your 1098 form, please send your question to servicing@megastarfinancial.com.
