"Jobs week" (JOLTs, ADP, Challenger etc.) has so far delivered a very consistent message - hiring is slowing and layoffs are rising. We know that rate cuts will start on September 18th. But whether we'll get a 25 or 50 basis point cut will depend on the strength of the Bureau of Labor Statistics jobs report out today. Hope you enjoy this weekly update on things real...
Interest Rates
EXPERT PREDICTIONS ABOUT THE REST OF 2024 (This was sent to me and I felt you may like to know what the experts are saying) People who are thinking of buying or selling a home are trying to figure out what’s ahead for the rest of the year. Here’s what industry experts project. Home Prices. Experts say home prices will continue to climb in most markets around the country—just at a more moderate...
With mortgage rates moving down, you just increased your buying power which means more options and better deals in the market! Don’t let this opportunity slip away – now is the time to find your dream home. Contact me today and let’s start your home...
Mortgage rates have dropped, making it the perfect time to get ready to buy! Getting your loan secured now gives you a heads up in the purchasing power for a home. And if you are looking to sell, this is the time to get your home ready to put on the market. Contact me today it you are looking to buy or...
A current look at what interest rates are and have been. If you have questions about purchasing a home or selling, give me a call at 505-639-2090. There are several lender programs out there for buyers to help them attain that American Dream of...
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This past week, home loan rates improved to their lowest levels in a month in response to the closures of Silicon Valley Bank (SVB) and Signature Bank. Let's walk through what happened as we approach the Fed Meeting next week. "Bringin' on the heartache, Can't you see?, Can't you see?" Bringin' on the Heartbreak? Def Leppard. SVB Failure and Rates It's important to remember that bonds enjoy bad news,...
This is from one of lenders I work with, Chris Maxwell from Bank of Albuquerque. You can reach him at: 505-804-3191/cmaxwell@bankofalbuquerque.com National Real Estate News Bottoming out Existing home sales for January 2023 fell (a very modest) 0.7% MoM to an annualized pace of 4,000,000 units. That was the 12th straight month of decline. But look at the chart: it's bottoming. Existing home...