BF HOMES, LLC

02/04/2026

Not a coincidence! You’re seeing this because it’s time to turn your real estate plans into reality. Let’s meet…call me now!📞🏡

04/26/2024

04/26/2024

Mortgage rates soared above 7% this week, reaching their highest level in nearly five months, according to Freddie Mac. The average rate on a 30-year mortgage jumped to 7.1% from 6.88% last week and 6.39% a year ago.

These rate increases are driven by various factors, including reactions in the bond market to the Federal Reserve's interest rate policies and fluctuations in the 10-year Treasury yield, which lenders use as a guide to pricing home loans.

Recent stronger-than-expected employment and inflation reports have raised questions about when the Fed might begin to lower its benchmark interest rate, leading to increased bond yields.

The yield on the 10-year Treasury reached around 4.66% on Tuesday, its highest since November, following statements from Federal Reserve officials indicating a potential delay in interest rate adjustments until they are confident inflation is moving toward their target of 2%.

The substantial rate difference compared to previous years has contributed to fewer homes being listed for sale, as many homeowners who secured mortgages at rates below 3% or 4% are hesitant to sell.

More: https://rltor.cm/3iqv6c

11/12/2022