VIDEO UPDATE: Weekly Mortgage Rate Update. Please DM me if you’d like access to MBS…
🏡 Where are Rates Headed after Blockbuster Jobs Report?
VIDEO UPDATE:
TODAY’S RATES & HOUSING NEWS
Mortgage Interest Rates went up
about .15% over the past 7 days.
The Mortgage Backed Security
(MBS) market traded down -68
bps. The 10 Year Treasury currently
sits at 4.778%.
Interest Rates are actually better than
you would think they would be with
the major market movement on
Friday, January 10th.
On Friday alone, the MBS market
sold down -52 bps after a strong
BLS Jobs Report. BLS reported
that there were 256,000 jobs created
in December, much higher than the
anticipated 160,000 jobs.
Unemployment also dropped
from 4.2% to 4.1%.
Bank of America came out after
the Jobs Report and stated they
are adjusting their outlook to No
More FED rate cuts in 2025 with
the possibility of a hike. Goldman
Sachs adjusted their outlook to 2
rate cuts instead of 3 rate cuts
in 2025.
There is no sugar coating it,
it’s a volatile time for interest
rates. If the economy still shows
good job creation, low unemployment
and inflation remains above target, its
less and less likely that interest rates
will go down in 2025.
This week the market will be
dominated by inflation numbers.
The Producers Price Index will be
released Tuesday and the Consumer
Price Index will be released Wednesday.
Both Inflation Reports are expected
to go higher.
Remember that using Seller Concessions
can help you get a much lower rate
than the current market. Below is an
article discussing Seller Concessions
and how you can use them to get
better terms and lower payments.
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!
USING SELLER CONCESSIONS
TO LOWER YOUR PAYMENT
In 2025, higher interest rates are
raising monthly mortgage payments,
but seller concessions offer a solution.
These incentives, where sellers cover
certain costs or buy down interest
rates, can make homeownership
more affordable.
What Are Seller Concessions?
Seller concessions are contributions
from sellers to reduce buyers’ costs,
such as loan fees, title insurance, or
property taxes. They can also fund
mortgage rate buydowns, lowering
interest rates and monthly payments.
Lower Payments with Rate Buydowns
Seller concessions can finance:
1.Temporary Buydowns: Reduce
the interest rate for the first few
years, e.g., 2% in year one and
1% in year two.
2. Permanent Buydowns: Lower
the rate for the life of the loan,
offering long-term savings.
Expanding Buying Power
Lower monthly payments from
seller-funded buydowns can increase
a buyer’s budget, enabling them
to afford higher-priced homes.
Reducing Upfront Costs
Concessions can also cover
appraisal fees, inspections, and
taxes, reducing the upfront financial
burden on buyers.
Benefits for Both Buyers and Sellers
For buyers, concessions ease
financial strain. For sellers, they
attract more interest and help
close deals faster, even in a high-
rate market. Seller concessions
are a win-win strategy, helping
buyers manage costs and sellers
move properties more efficiently. This
approach makes homeownership more
accessible despite higher interest rates.
JANUARY MARKET REPORT
Here is the audio of Keeping Current
Matters January 2025 Real
Estate Market Report.
If you would like the full video and slide
show, please contact Kalee Taylor at:
kalee@mygreenhomeloans.com
Here are some of the slides
from the Report.
Interest Rates are expected to remain
volatile but many are still forecasting
rates to dip slightly in 2025.
Here is where current interest rates
are today compared to their average
in other decades.
Inventory is expected to continue to
rise giving homebuyers more options
and likely more negotiating power.
Total Home Sales are also expected
to continue to rise.
Have a great week!!
