TODAY’S MORTGAGE RATES Mortgage Rates improved about .05% on the week with the Mortgage Backed…
🏡 The #1 Trick to Lowering Your Mortgage Payment in Today’s Market
VIDEO UPDATE:
The FED Keeps Rates the Same. Here is Your Weekly Mortgage Rate Update
TODAY’S MORTGAGE RATES
Mortgage Interest Rates have gone up
approximately .02% over the past
7 days with the Mortgage Backed
Security Market trading down
– 39 bps. The 10 Year Treasury
currently sits at 4.4492%.
Below are your average interest rates
across the country according to
Mortgage News Daily.
The FED kept the Federal Funds
Rate the same as expected. The FED
is okay for the time being, waiting to
see where the market, inflation and
labor markets go before making any
moves. The next FED statement
comes on June 18th, 2025.
The big news over the weekend
was the China and US trade
negotiations. The 2 countries agreed
to suspend most tariffs for 90 days
in the hopes of agreeing on a
long-term trade agreement. This
helped the stock market, but hurt
the bond market and mortgage
interest rates.
This morning the CPI Inflation report
was released and came in good
for interest rates. Year over year
inflation was lower than expected,
coming in at 2.3%.
There are a lot of characteristics that
go into a mortgage rate – credit score,
investor, loan to value, loan amount,
costs, etc. Please call me to go over
your specific scenario so we can
price your loan out accurately.
Or you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.
Thank you!
or
Register
Thank you!
SELLER CONCESSIONS ARE KEY TO GETTING
LOWER RATES AND PAYMENTS NOW
According to Redfin, 44.4% of the Home
Purchase Sales in America have
Seller Concessions. Seller concessions
are when the seller gives home
buyers money for closing costs.
This usually helps a client buy
down to a lower rate and payment
that the seller is paying for.
While not an exact science, here
is approximately what a seller
concession will do to help your
interest rate.
1% seller concession = .375% Lower Rate
This equates to about $100 lower payment
on a $400,000 Loan Amount
2% seller concession = .625% Lower Rate
This equates to about $166 lower payment
on a $400,000 Loan Amount
3% seller concession = .875% Lower Rate
This equates to about $231 lower payment
on a $400,000 Loan Amount
SELLER CONCESSIONS ARE KEY TO GETTING
LOWER RATES AND PAYMENTS NOW
Here is the audio of Keeping Current
Matters May 2025 Real Estate
Market Report.
Here are my favorite slides
from the May 2025 Report.
70% of Americans are concerned
about a potential market crash.
This is causing many Americans to
pause their housing purchase plans.
Housing crashes usually occur through an
excess of housing supply without
demand to purchase.
Although housing inventory is rising,
it’s still below pre-pandemic levels.
Housing supply is still far below what
is needed for the U.S. Population.
Here is where mortgage rate prognosticators
expect rates to go through the rest of 2025.
Hope you have a great week!Â
