Home Purchase

September has been a reminder of how quickly the mortgage market can turn.

Doctor’s Orders: Zero Down, Zero PMI 30-year fixed mortgage rates are running roughly 0.125% (APR) higher than they were a year ago, as long-term borrowing costs remain elevated across the board. 10-Year Treasury Yield: trading above 4.7%, near

We Need a Break! This summer Stacy and I travelled to Europe to visit with my daughter Savita, her fiancé Noah, and to see my mom’s four surviving siblings, Maya, Mira, Sheela, and Bipin. Savita and Noah have

Peace Has Benefits June has delivered the geopolitical breakthrough mortgage borrowers have been waiting for since the Iran war began on 2/28/2026. On June 17th, 2026, President Trump and Iran signed a 14-point Memorandum of Understanding, MOU, in

Inflation’s Triple Threat Last month I closed by warning that the bond market’s temporary breather could end quickly. It has. Mortgage rates have resumed their climb as a triple-stack of hot inflation reports, surging oil prices, a fresh

Mortgage Rates Catch A Break April has delivered some welcome relief for mortgage borrowers. After the 4/7/2026 cease-fire announcement between the U.S. and Iran, oil prices posted their biggest single-day drop since 2020 – U.S. crude fell roughly

Mortgage Rates are Confused Mortgage rates are up again thanks to higher inflation. Many of you may have seen the media report on 2/25/2026 that 30-year fixed mortgage rates fell below 6% for the first time since 2022.

The Circle of Life Continues Mortgage rates are still in line with where they were to start the year, despite some volatility that caused mortgage rates to increase slightly during January and February of this year. The average

Savita is getting married! The New Year is starting out favorably for mortgage interest rates. Thursday, 1/8/2026, Trump directed Fannie Mae/Freddie Mac to purchase $200 Billion of their own Mortgage Backed Securities, MBS, from the markets. This increase in

Mortgage rates fall, but not for the reason you are led to believe. Mortgage rates remain volatile but are slowly heading downwards. The Federal Reserve cut their target rate, the Fed Funds, for the third time this year on

Mortgage rates have held onto the lower rate environment for over 8 weeks now. That is two weeks longer than the 6-week run we had last year before mortgage rates went back up again. Hopefully we are at the

Hi Friends, The most recent Fed meeting on 9/17 didn’t surprise anyone with the Fed voting 11–1 to lower the federal funds target rate by 0.25%, bringing the range down to 4%–4.25%. This rate cut was already baked into

Lowest Levels Since March 2023 On August 2nd we saw mortgage rates fall to their lowest levels since March of 2023, very close to 6% APR for 30 Year Fixed. My phone and e-mail have been inundated since then

Fed Funds Rate Stayed the Same Good news for mortgage interest rates in May with the Federal Reserve leaving their target rate, The Fed Funds, in the range of 5.25% - 5.5%. The Fed did not increase the Fed

Rate Cut Delay After a nice move down in mortgage interest rates to end the month of March 2024, rates began marching upwards again in April 2024. We saw 30-year fixed mortgage rates get close to 6.5% APR in

Still Waiting Mortgage interest rates have yet to make a significant move lower because the inflation numbers haven’t decreased enough to create more demand in the bond market. I had been hoping for rates to improve after the 5/10/23

Hello, friends. Home Buying Competition The spring home-buying season is starting to heat up in my area and it is starting to feel a lot like 2020 and 2021 again. Many of the home buyers I have pre-approved for

Home Buying Is Up Hi Friends, As mortgage interest rates have started to fall with inflation in the first quarter of this year, I have experienced an increase in home buyer activity and mortgage applications. The recent slight dip

Rates Heading Down Mortgage rates have stabilized and are slowly heading lower due to the continued good news on inflation. PCE: Measure of Inflation The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that inflation rose 0.1%

Hi Friends, Mortgage interest rates continue to be high due to the hottest inflation readings in over 40 years. The effects of the Federal Reserve’s rate hikes are not yet making a significant impact on reducing inflation, but there