If you need assistance, please call 561-325-1535

Mortgage Rates | Barbara's Corner Blog

Thursday, October 6, 2022   /   by Barbara Oleska

How an Expert Can Help You Understand Inflation & Mortgage Rates

If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one.
Inflation and the Housing Market
This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home.
While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations about a recession. It also played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. As Bankrate says:

“. . . the Fed has raised rates again, announcing yet another three-quarter-point hike on September 21 . . . The hikes are designed to cool an economy tha. ...

Read More

  florida real estate, south florida real estate, housing market, mortgage rates

Friday, February 4, 2022   /   by Barbara Oleska

The Top Indicator if You Want To Know Where Mortgage Rates Are Heading

Mortgage rates have increased significantly since the beginning of the year. Each Thursday, Freddie Mac releases its Primary Mortgage Market Survey. According to the latest survey, the average 30-year fixed-rate mortgage has risen from 3.22% at the start of the year to 3.55% as of last week. This is important to note because any increase in mortgage rates changes what a purchaser can afford. The table below gives you an idea of how rising mortgage rates impact your purchasing power. This is important if you are buying because if prices continue to rise, you may be priced out from your desired home or at least find the payment more painful. 

How Can You Know Where Mortgage Rates are Headed?
Everyone wishes they had a crystal ball...while it’s always difficult to know exactly where mortgage rates will go, a great indicator of where they may head is by looking at the 50-year history of the 10-year treasury yield, and then following its path. Understanding the mechanics of t. ...

Read More

  florida real estate, boca raton residential real estate, boca raton realtor, mortgage rates