Author: John Burke

and the 2019 Beige Book Release Mortgage-backed securities lost just -5 basis points (BPS) from last Friday’s close which caused fixed mortgage rates to remain at their best (lowest) levels of 2019 for the sixth week in a row. Overview: We had a solid round of domestic economic data with very strong ISM Services and Read More

The “scuttlebutt” has it that interest rates are the best they have been in years!

While interest rates have ticked up from their recent lows in March of this year, mortgage rates are still at their best levels in over a year.

This year there are more homes on the market, prices growing at a slower rate and even falling in some markets, and less competition from other buyers.