02/22/2025
_________ LETS GET SHOPPING!!! Time to find that new 🏡 Give me a call or message me .....
CHECK IT OUT!!!
Mortgage rates are down this week and we get to see some 5's again! WooHoo!
Overall it was a short trading week since Monday was a federal holiday and the bond markets were closed. Coming into Tuesday though it is not uncommon to see a lot more volatility simply because we had an extra day's worth of things to still react to. 😅
Luckily... or unluckily? Mortgage rates improved due to fears of a debt ceiling showdown in DC and a weak economic data report.
There is no way to sugar coat it... mortgage rates celebrate bad news by coming down. So consider that the silver lining to any concerns over a future recession. 🙃
This is going to be a great weekend to get out shopping for a new home! Get in the market NOW before the other potential buyers realize the rates can be bought down in to the 5's again!