Mortgage Rates

Mortgage Rates Continue Upward Momentum

October 29th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.14% for the week ending Oct. 28, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Declining COVID cases and improved consumer confidence, however, are keeping purchase demand strong despite increasing...

Mortgage Rates Continued Their Ascent Last Week

February 17th, 2022
Buckle up for 4% interest rates, because they may be coming soon. Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) reached an average of 3.92%, for the week ending February 17, 2022....

As Expected, Fed Hits Brakes with 50-point Hike

May 4th, 2022
With little surprise, the Federal Reserve announced a larger rate hike Wednesday following their two-day meeting this week, accelerating the central bank’s efforts to curb rampant inflation and pull back from pandemic relief efforts. The 50-basis point increase is the...

Helping Clients Navigate Higher Rate Environments

July 7th, 2022
Rising inflation and the Fed reeling back support have led to quickly rising rates. Here’s how you can help clients navigate this new environment. What’s happening in the market? There are three main factors affecting the current market: higher mortgage...
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