Weekly Mortgage Market Update for March 16, 2018

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Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035
 
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For the Week Ending March 16, 2018

 

Please enjoy this quick update on what happened this week in the housing and financial markets.

 

 

 

Consumer inflation was less threatening in February according to the recent CPI data. If inflation rises too quickly, mortgage rates could follow.

Concerns over import tariffs and possible trade wars continue to plague markets and could cool the economy. This could help keep rates from rising.

The Fed is expected to raise policy rates at next week's meeting. The change has already been priced into mortgage rates and likely won't have further impact.

 

A recent survey shows Baby Boomers want high speed internet and to live near grocery stores and hospitals. Over 90% said they plan to stay in their own home.

Another poll found more than 70% of homeowners in their home for 10+ years aren't moving because they like their home. Another 21% don't want the hassle of a move.

The NAR found that 40% of potential millennial home buyers would start their property search online, while 15% said they would call an agent first.

  

I love pressing F5. It is so refreshing.

 

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends candiffer from our own and are subject to change at any time.


Here is the Video version of this information: 

Trade wars, Fed meeting, homebuyer surveys and more in this week's Markets in a Minute:

Learn more about both in this week's Markets in a Minute:

If you have any questions on the market, loan qualification, or just want to get started on your loan, click the button below to get started online, or give me a call at 866-900-2342 toll free direct. 

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Brian Skaar

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