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Local Mortgage Updates

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    Local Mortgage Update – September 2024

    Mortgage rates have dropped significantly, with 30-year fixed rates now in the 5.50% to 6.50% range, ahead of the Fed’s expected rate cuts in September. If you’re considering a move, now could be the perfect time to secure a lower rate.

    September 17, 2024
  • Mortgage

    Local Mortgage Update – August 2024

    Mortgage rates have recently dropped in anticipation of the Federal Reserve’s expected rate cuts, with current 30-year fixed rates ranging between 5.75% and 6.75%. As September approaches, further reductions are likely...

    August 26, 2024
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    Local Mortgage Update – June 2024

    In the June 2024 Local Mortgage Update, mortgage rates continue to hover in the low 7% range as the Federal Reserve has yet to reduce the Federal Funds rate. Despite speculation, a rate cut in July appears unlikely due to the upcoming election.

    June 28, 2024
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    Local Mortgage Update – March 2024

    Mortgage rates are currently stable at around 7%, with potential decreases expected in the fall due to economic conditions, although lower rates are achievable through special programs and buy-downs.

    March 7, 2024
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    Local Mortgage Update – October 2023

    In 1986, dropping mortgage rates below 10% was cause for celebration, but while 7.5% might seem high now, it's historically reasonable, and waiting for 3% rates to return is unrealistic; however, we might see rates around 5.5% by next summer due to potential policy changes.

    October 19, 2023
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    Local Mortgage Update – June 2023

    June 18, 2023
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    Local Mortgage Update – May 2023

    May 4, 2023
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    Local Mortgage Update – April 2023

    April 17, 2023
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    Local Mortgage Update – February 2023

    February 21, 2023
  • Mortgage

    Local Mortgage Update – December 2022

    December 7, 2022
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