Category: MortgagePage 1 of 4

Inflation Hurts

The Phoenix metro area had the second highest rate of inflation in the country in December, with prices about 9.5% higher than they were in December 2021, according to the…

Freddie Mac Weekly Mortgage Rate Survey for February 2, 2023

From Freddie Mac (2/2/2023): “Mortgage rates inched down again, with the 30-year fixed-rate down nearly a full point from November, when it peaked at just over seven percent….

Freddie Mac Weekly Mortgage Rate Survey for January 26, 2023

From Freddie Mac (1/26/2023): “Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the months-long freeze that gripped the housing market….

Freddie Mac Weekly Mortgage Rate Survey for January 19, 2023

From Freddie Mac (1/19/2023): “As inflation continues to moderate, mortgage rates declined again this week. Rates are at their lowest level since September of last year, boosting both…

Freddie Mac Weekly Mortgage Rate Survey for January 12, 2023

From Freddie Mac (1/12/2023): “While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes…

Freddie Mac Weekly Mortgage Rate Survey for January 5, 2023

From Freddie Mac (01/05/2022): “Mortgage application activity sunk to a quarter-century low this week as high mortgage rates continue to weaken the housing market. While mortgage market activity…

Freddie Mac Weekly Mortgage Rate Survey for December 29, 2022

From Freddie Mac (12/29/2022): “The housing market remains in the doldrums with declining sales, inventory and prices. The declines in sales and deceleration in home prices began swiftly…

Freddie Mac Weekly Mortgage Rate Survey for December 8, 2022

From Freddie Mac (12/8/2022): “Mortgage rates decreased for the fourth consecutive week, due to increasing concerns over lackluster economic growth. Over the last four weeks, mortgage rates have…

Freddie Mac Weekly Mortgage Rate Survey for December 1, 2022

From Freddie Mac (12/1/2022): “Mortgage rates continued to drop this week as optimism grows around the prospect that the Federal Reserve will slow its pace of rate hikes….

Freddie Mac Weekly Mortgage Rate Survey for November 24, 2022

From Freddie Mac (11/24/2022): “Mortgage rates continued to tick down heading into the Thanksgiving holiday. In recent weeks, rates have hit above seven percent only to drop by…

Freddie Mac Weekly Mortgage Rate Survey for November 10, 2022

From Freddie Mac (11/10/2022): “As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent. The housing market is the most interest-rate sensitive…

Freddie Mac Weekly Mortgage Rate Survey for November 3, 2022

From Freddie Mac (11/03/2022): “Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably. Unsure buyers navigating an unpredictable…

Freddie Mac Weekly Mortgage Rate Survey for October 27, 2022

From Freddie Mac (10/27/2022): “The 30-year fixed-rate mortgage broke seven percent for the first time since April 2002, leading to greater stagnation in the housing market. As inflation…

A Recession Is Coming

Arizona Homeowners: Are you prepared for the coming recession? The time to consolidate debt is now.. I don’t mean to be a Debbie Downer on a Friday but…

Freddie Mac Weekly Mortgage Rate Survey for October 13, 2022

From Freddie Mac (10/13/2022): “Rates resumed their record-setting climb this week, with the 30-year fixed-rate mortgage reaching its highest level since April of 2002. We continue to see…

Freddie Mac Weekly Mortgage Rate Survey for October 6, 2022

From Freddie Mac (10/6/2022): “Mortgage rates decreased slightly this week due to ongoing economic uncertainty. However, rates remain quite high compared to just one year ago, meaning housing…

Freddie Mac Weekly Mortgage Rate Survey for Sep 22, 2022

From Freddie Mac: “The housing market continues to face headwinds as mortgage rates increase again this week, following the 10-year Treasury yield’s jump to its highest level since…

Freddie Mac Weekly Mortgage Rate Survey for Sep 15, 2022

From Freddie Mac: “Mortgage Rates Exceed Six Percent for the First Time Since 2008 September 15, 2022 Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week,…

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