Found 2 blog entries tagged as mortgage rates update.

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You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Here’s a quick overview of what’s happening with mortgage rates and what experts say is ahead.

Economic Factors That Impact Mortgage Rates

When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Here’s why.

The Fed decided to start raising the Federal Funds Rate to try to slow down the economy (and inflation) in…

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By Eric Peterson

Since real estate is really a 10 month a year business, we are halfway through the year and I thought it would be good to give you a quick update. 

As I write this, we have 7 homes listed for sale that are under contract. I’m optimistic, but things are not easy. More than ever when someone asks me “How’s the market?” My answer is DOTS…Depends On The Situation. 

There are some neighborhoods and homes that are selling quickly while others don’t seem to have much activity at all. 

There are also two types of buyers in the market right now. Buyers who want to buy and can buy and buyers who want to buy but can’t buy. This is why we are still seeing large turnouts at our open houses and a high number of online views for our…

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