Lori Goldman, Mortgage Lender NMLS #257024

Avoid injury and dangerous electrical situations with these pointers:

New 5.0-star Review: "Lori is an amazing lender and partnered with me through the whole process from application through underwriting and approval to closure of my loan. She was so incredibly efficient and helpful and responded at all hours of the day or night, which was really handy since I was moving coast to coast. I would highly recommend Lori for any lending needs. "

Don't forget to consider the potential downsides.

, : Average mortgage rates improved slightly midweek before losing ground to end the week basically unchanged. The improvements were small, mainly improving rebate pricing rather than actually improving rates. Rates remain near record lows.... : , Average mortgage rates will remain low, but may end the week at least slightly worse depending on how markets perform this week. We may also see some small day-to-day movements in rebate pricing, the credit a lender provides towards closing costs based on what rate you choose, or the cost to obtain a lower rate (often called 'points'). ' : - Economic data: Not much to worry about this week, but Friday's jobs data could cause some small movement for rates and pricing. - Fed bond purchases: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates low and generally stable. - Bond pricing: Lenders set mortgage rates based on the pricing of mortgage bonds, which face technical resistance in improving further. This points to the possibility of rates getting slightly worse, while unlikely to improve much from here.

' ? Demand for housing has increased as mortgage rates have continued to hover near record lows, and home buyers recognize a good deal - mortgage purchase applications are up 16% from last year. At the same time, inventory which was already an issue pre-pandemic is now tighter than ever, with multiple offers and bidding wars. Since there is more demand, and even less inventory of homes for sale, prices conti...nue to go up and are likely to do so until mortgage rates rise significantly. ! Any increases in price will be offset with the low mortgage rates, which helps you to get more house for your money. Waiting for home prices to drop would be a mistake that could end up costing you more money. ' , . ' .

, : Average mortgage rates were slightly better for the week, improving steadily day-by-day despite a holiday shortened week. Rates were helped by a reduced likelihood that President Biden's $1.9tn stimulus would be passed soon, as lawmakers disagree on the immediacy and need for such a large spending package.... : , Average mortgage rates will remain low this week, but could go up depending on what happens at this week's Fed meeting, and with this week's economic data. ' : - Fed bond purchases: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates low and generally stable. - Fed meeting: The Fed releases a statement on Wednesday, and markets will be listening for clues of when the Fed will start to reduce bond purchases. - Economic data: A full calendar of data this week, we could see some reports influence rates. - Bond pricing: Lenders set mortgage rates based on the pricing of mortgage bonds, which recovered last week after losing ground early in January. However, bonds may face technical resistance in improving further, leading to rates getting slightly worse this week.

Did you know you can buy a home with as little as 3.5% down? Or maybe even 0% down if you're a veteran or qualify for other specialized mortgage programs? , ' %, ' . ! If you would like to own your own home, and want to find out how you may be able to do it sooner than you think, then let's talk. I'm always here to help, and I would be glad to discuss your opti...ons with you so you are fully informed and not missing out on today's low rates. , . .

, : Average mortgage rates remained low but were worse for the week. Rates hit their worst levels on Tuesday, before improving a bit to end the week just slightly worse.... : , Average mortgage rates will likely stay relatively unchanged this week, but could see rebate pricing move some from day-to-day. Rebate pricing is the credit a lender provides towards closing costs based on what rate you choose, or the cost to obtain a lower rate (often called 'points'). Markets are closed on Monday in observance of MLK Jr. Day, as are most lenders. ' : - Fed bond purchases: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates low and generally stable. - Economic data: It is a quiet week for economic data, nothing on the calendar that should cause any shakeup with rates. - Bond pricing: Lenders set mortgage rates based on the pricing of mortgage bonds, which have been performing poorly over the past two weeks (causing rates to rise). However, mortgage bonds did show signs of improving last week, although we aren't likely to see rates improve too much this week.

Don't be surprised by rising mortgage rates! ? . Despite outdated headlines about mortgage rates hitting record lows, mortgage rates have actually crept up a bit. ... ' , ... but you may want to reach out to me sooner than later. Just shoot me a text, an email, a DM, or give me a call. I'll run your numbers and see what we can do for you. I'm looking forward to hearing from you soon.