In case you've ever wondered about how we've come to enjoy some of our treasured holiday/Christmas traditions, here is some history behind them.THE CHRISTMAS TREE
What Happened to Mortgage Rates This Week:
Dated: May 24 2022
Views: 62
The Freddie Mac fixed rate for a 30-year mortgage fell 5 basis points this week to 5.25%, the largest decrease since early March, as rates have steadily climbed this year. Federal Reserve Chair Jerome Powell continues to emphasize his commitment to a 2% inflation target, reiterating his willingness to continue raising interest rates until the goal of healthy prices is achieved. This commitment to tighter monetary policy continues to shake financial markets as investors try to determine how inflation, rising interest rates, and ongoing concerns in China and Ukraine will impact economic growth. Yields on 10-yr Treasury notes saw variability this week, surging close to 3.0% in the beginning of the week before settling below 2.9% in the second half of the week as investors looked for stability amidst the challenging incoming data. The Federal Reserve’s monetary tightening is having the intended effect of cooling housing demand, allowing the market to begin normalizing.
Robert Cuffe
Meeting your Real Estate needs! I am celebrating over 35 years in Real Estate with over $402,540,000 in sales. NEWS ALERT....There is a housing shortage of nice "homeowner owned" homes & condos in....
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