This information was sent to me by one of the lenders I use. I thought I would pass it on to all of you. How The Mortgage Market Works Mortgage rates don’t come from a Lender or Loan Officer guessing—they come from the bond market. The biggest driver is the 10-Year Treasury Note. When investors buy bonds → rates improve When investors sell bonds → rates worsen Mortgage-backed...
Interest Rates
Average 30-year mortgage rates dropped to near 6% in January. For buyers, lower rates mean the same-priced home costs less per month and you can often qualify for a higher price point with the same income. For sellers, it means increased demand, which puts you in a great position for cleaner negotiations and quicker...
Some Buyers are sitting on the sidelines, hoping for a perfect storm: lower prices and lower interest rates. The Fed is expected to trim short-term rates soon, and while mortgage rates aren’t directly tied to the Fed, they often move in the same direction. But here’s the catch — waiting for both to fall perfectly into place can backfire. The Risk of Waiting: Home prices could stabilize or...
After reading many articles, looking at quite a few statistics and then trying to put it all together, I wanted to give my readers a viewpoint on what I see as a possible outlook for the Real Estate Market for 2025. (this information came mainly from Realtor.com & Albuquerque local MLS information) MORTGAGE RATES & HOME PRICES It is expected mortgage rates to average 6.3% throughout 2025,...