Weekly Mortgage Rate Recap & Forecast from James Hecker, Mortgage Advisor NMLS

Описание: 🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟮, 𝟮𝟬𝟮𝟲
𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗹𝗼𝘄𝗲𝗿 👍
Mortgage rates took a big step lower on Friday after markets reacted to a social post by President Trump saying he would instruct Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds. The announcement overshadowed the jobs data and quickly shifted market focus. While no details have been released and no purchases have occurred yet, mortgage rates have already begun pricing in the expected bond buying.
𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
Mortgage rates may be volatile this week, depending on if more details come out about the proposed bond purchases or if traders start to doubt the moves and shed some of the mortgage bonds purchased last week. If no new information comes out, rates will possibly creep up a bit this week. It is important this week to act with urgency and speak with your mortgage professional, these rates may not hold long.
📈 𝗪𝗵𝗮𝘁’𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
Mortgage bond market: Mortgage rates are currently pricing in expectations of coming mortgage bond purchases, and any news about this plan could affect rates.
CPI inflation data: Not as big of a market mover as usual, but still could affect mortgage rates this week.
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