Mortgage rates moved higher this week following a stronger-than-expected employment report. This market update explains how robust job growth affects Federal Reserve policy, mortgage-backed securities, and ultimately home loan rates.
Learn why Wall Street reacted negatively to positive employment data, what a 10-basis-point increase in mortgage rates means for buyers, and why now may still be a smart time to purchase a home before the summer buying season drives prices higher.
I also discuss how buyers can benefit if rates drop before closing and why staying informed about market conditions is essential when making homebuying decisions.
Whether you're a first-time homebuyer, refinancing, or actively shopping for a mortgage, this update provides valuable insights into today's housing market and mortgage rate trends.
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Dave Steinberg NMLS: #67325 Mortgage Broker Summit Funding
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Connect with me:
Office: 718.575.1166
Email: dave@summitfunding.com
https://summitfunding.com
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Summit Funding | Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services
7030 137 Street, Kew Gardens Hills, NY 11367
Summit Funding | Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance
Summit Funding Inc., Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) | State of Connecticut Department of Banking
Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) | Florida Office of Financial Regulation
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