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Tag: news

  • 02.06.23 Mortgage Rates Update

    On Monday, Nerdwallet released the average mortgage rates in the country. Rates ticked up from the week prior and are now higher than at the start of the year. After the Federal Reserve announced a quarter of a percentage point increase in rates, we’ve seen the 30-year and 15-year mortgage interest rates tick up about […]

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  • February Federal Reserve Meeting Recap

    Yesterday, February 2, 2023, The Federal Reserve announced a quarter of a percent rate hike to tame inflation. Though this target range is the highest since October 2007, it is important to note that this is the lowest hike since the start of the increases in March of the previous year. Notes from the meeting […]

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  • 01.30.23 Mortgage Rates Update

    On Monday, Nerdwallet released the average mortgage rates in the country. Rates ticked up from the week prior and are now higher than at the start of the year. The Federal Reserve Bank meets on Jan 31st and Feb 1st. So we’ll be watching closely to see what happens. Come back on the 2nd to […]

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  • 2022 Monthly Average Interest Rates

    After almost two years of insanely low-interest rates, 2022 had a different story. Here’s a quick recap of monthly average rates in 2022: To tame inflation, the Federal Reserve started raising rates in March ’22. You can clearly see that sharp increase from March to April. They continued to raise the rates by three-quarters of […]

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  • 01.23.23 Mortgage Rates Update

    On Monday, Nerdwallet released the average mortgage rates in the country. Rates ticked up from the week prior but are still lower than at the start of the year. The Federal Reserve Bank will meet on Jan 31st and Feb 1st. So we’ll be watching closely to see what happens. What do we see in […]

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  • 01.17.23 Mortgage Rates Update

    On Tuesday, Nerdwallet released the average mortgage rates in the country. When comparing to the week prior, rates fell decently. It seems like the inflation report released last week is the cause of the fall. Interest rates are likely to slow down along with the slowing of inflation. The Federal Reserve Bank will meet on […]

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  • 01.09.22 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 plunged 34 basis points to 6.285% APR. The average rate on a 15-year fixed-rate mortgage fell 14 basis points to 5.609% APR, and the average rate on a 5-year adjustable-rate mortgage dropped 10 basis points […]

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  • 12.19.22 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 rose six basis points to 6.193% APR. The average rate on a 15-year fixed-rate mortgage grew five basis points to 5.538% APR, and the average rate on a 5-year adjustable-rate mortgage went up one basis […]

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  • December Federal Reserve Meeting Recap

    Yesterday, December 14, 2022, The Federal Reserve announced half of a percent rate hike to tame inflation. The target range of 4.25% and 4.5%, is now the highest target we’ve had since January 2008. CNBC says, “Along with the increase came an indication that officials expect to keep rates higher through next year, with no […]

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  • 12.12.22 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 jumped 16 basis points to 6.431% APR. The average rate on a 15-year fixed-rate mortgage also grew 16 basis points to 5.782% APR, and the average rate on a 5-year adjustable-rate mortgage stayed about the […]

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