VIDEO UPDATE:

Mortgage Rate Update

TODAY’S MORTGAGE RATES

Mortgage Interest Rates moved slightly
lower on the week with the Mortgage
Backed Security (MBS) market trading
up + 5 bps. 30 Year Fixed Conventional
Average Interest Rates are hovering
in the high 6% to low 7% range.

Below are Mortgage News Daily’s
average interest rates across
the country.

The big news at the end of last week
was Friday’s BLS Jobs Report. Job
creation came in at 143,000, lower
than the expected 170,000 job creation
number. This would usually help interest
rates, but average hourly earnings
went up .5%.

Wages going up is viewed as inflationary
since higher wages means higher
spending power. More demand
increases pricing.

The big news this week is Wednesday’s
CPI inflation report.  If the Headline
Inflation Number or Core Inflation
Number comes in lower than expected,
you could see interest rates improve.

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, Debt Consolidation:
Address of Home:
Estimated Value of Home:
Current Loan Amount:
Current Rate:
What Type of Loan Are You in Currently – FHA, VA, Conventional:
Estimated Credit Score:
Are You a Veteran or Active Member of the U.S. Military:
If You are a Veteran, Do you get VA Disability:

HOME PURCHASE QUOTE:

What City and State are You Looking to Purchase 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 U.S. Military:
If You are a Veteran, Do you get VA Disability:

Thank you!

MONTHLY MARKET REPORT

Here is Keeping Current Matters
February 2025 Real Estate Market
Report. For the audio, click below:

https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/assets/audio/20250206/MMR-February-2025.mp3

Here are my favorite slides from
the report.

The average American homeowner has
$311,000 in Home Equity. Much of the
Home Equity and Net Worth has been
created over the past 10 years.

There are a lot of opportunities for
Homeowners to tap into equity to:

Pay off high-interest rate debt
get cash for home improvements
or other investments.

Many Americans feel that renting is not
setting them up for Long Term Financial
Success.

It appears that more Americans are
planning to purchase a home this
year versus the past 5 years.

The average purchase price was lower
in 2024 in January through March.
April through October are often peak
demand months which leads to increased
home prices peaking in June.

If you would like to beat the peak
demand months equaling less
competition and usually better purchase
terms, please contact me to get started.

Hope you have a great week!