VIDEO UPDATE: Video | Facebook TODAY’S RATES & HOUSING NEWS Mortgage Interest Rates went up…
🏡 Interest Rates Rise .2% Before FED Meeting
VIDEO UPDATE:
Mortgages Rates Move Up .2% before the Fed Meeting, Get Cozy by the Fireplace 🔥 Here is Your Weekly Mortgage Rate Update 📊
TODAY’S RATES & HOUSING NEWS
Mortgage Interest Rates moved up .2%
over the past 7 days with the Mortgage
Backed Security Market (MBS) trading
down -64 bps. The 10 Year US
Treasury is currently at 4.4007%.
The 2 big market movers last week
were the PPI – Producer Price Index
which measures inflation for wholesale
producers and the CPI – consumer
price index which measures inflation
for consumers.
Both inflation gauges went up.
PPI went from 2.6% to 3%.
CPI went from 2.6% to 2.7%.
The FED is meeting on Wednesday
and the market is expecting a 25
bps cut. Of more importance to
interest rates will be the FED’s
long term predictions on the
economy and rate cuts.
Below are Mortgage News Daily’s
average interest rates across the country.
There are a lot of characteristics that
go into a mortgage rate – credit score,
investor, loan to value, loan amount,
costs, etc.
Please call me to go over your specific
scenario so we can price your loan
out accurately.
OR reply to this email with the answers
to the questions below for Mortgage
Options for your scenario.
REFINANCE QUOTE:
Goal of Refinance – Lower Payment, Cash Out, Etc:
Address of Home:
Estimated Value Of Home:
Current Loan Amount:
Loan Amount You Would Like to Finance:
Current Rate:
Do you know what type of Loan you are Currently in – FHA, VA, etc:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military:
If you are a Veteran, do you get VA Disability:
HOME PURCHASE QUOTE:
What City and State Are You Looking to Buy In:
Estimated Purchase Price:
Loan Amount You Would Like to Finance:
Will Property be a Primary Residence, Investment Property, or Vacation Home:
Estimated Credit Score:
Are You a Veteran or Active Member of the US Military:
If you are a Veteran, do you get VA Disability:
Thank you!
HOW TO PREPARE FOR EARLY YEAR
AND SPRING HOME BUYING SEASON
1. Check Your Financial Health
*Credit Score: A higher score means
better mortgage rates. Fix any errors
on your report.
*Save for Costs: Budget for a down
payment (3%-20%) and closing
costs (2%-5%).
*Debt-to-Income Ratio: Keep it
below 43% to improve mortgage
eligibility.
2. Get Pre-Approved for a Mortgage
A pre-approval shows sellers you’re
serious and helps define your budget.
Gather income proof, bank statements,
and credit history for this step.
3. Work with a Real Estate Agent
An experienced agent can:
*Share insights on local trends
*Help you act fast on new listings
*Negotiate effectively on your behalf
4. Know What You Want
Make a list of your priorities:
*Location, home size, and
must-have features
*Stay flexible to increase your options
5. Start Watching the Market Early
Set alerts for listings and monitor
local trends. Consider starting your
search in late winter to beat the
spring rush.
6. Be Ready to Move Quickly
In a competitive market, homes sell
fast. Have your documents and financing
ready, and work closely with your agent
to make strong offers.
DECEMBER REAL ESTATE MARKET REPORT
Here is the audio of Keeping Current
Matter’s December Monthly Market
Report:
Here are some of my favorite slides.
Inventory and Days on Market is
rising since 2021.
Many experts believe inventory is near
the top levels it will go unless rates drop
below 6%. Many existing homeowners are
weary to sell their existing home unless
they can get a rate on a new home below 6%.
The market is expecting modest declines
in mortgage rates in 2025, but they expect
the housing inventory to remain tight.
Here are where the experts predict
mortgage rates to head in 2025.
HAVE A GREAT WEEK!!
