Tag: news

  • Federal Reserve Meeting Recap

    Yesterday, September 22, 2022, The Federal Reserve announced three-quarters of a percent rate hike to tame inflation. As of today, we’ve already seen the S&P 500 fall, and we know that mortgage rates will continue to rise due to the hike. Many are concerned by The Fed’s Chair Jerome Powell statement that “…the U.S. housing […]

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  • 9.19.22 Mortgage Rates Update

    On Monday, Nerdwallet released the average mortgage rates in the country:  …the average interest rate on a 30-year fixed-rate mortgage stayed about the same at 6.213% APR. The average rate on a 15-year fixed-rate mortgage rose five basis points to 5.395% APR, and the average rate on a 5-year adjustable-rate mortgage went up three basis […]

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