Tag Archives: Mortgage Rates

With rates dropping slightly to 3.10%, a strengthening economy and improvements in employment numbers are two factors that will drive a strong housing market into 2022.

At a time of the year when the market generally cools, homebuyers are looking to land the home of their dreams among an ever-shrinking supply.

For the first time in over a month, mortgage rates have dropped below the 3% mark, signaling a strong finish for the purchase and refi markets to close out 2021.

While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.

New report offers insight into the frequency of 11 of today’s top market opportunities for mortgage lenders, as refis begin to wane—yet the purchase market is not picking up the slack.

Rates drop even further below 3%, as more are taking advantage of both purchase and refi opportunities with rates in continued record-low territories.

Rates climbed slightly this week, but remain in refi-friendly territory as the struggle between low supply and high demand continues in the housing market nationwide.

This week, the MBA’s seesaw mortgage applications survey will provide some insight into the state of the marketplace, with continued low rates not enough to coax buyers off the fence for fear of overpaying.

With the sudden downward trend in mortgage rates, evidence of increased applications is a bright spot as refinance opportunities emerge again, and house hunters plot their spring strategy.

While economists expect mortgage rates to increase modestly in 2021, they will remain categorically low, supporting homebuyer demand and leading to continued refinance activity.