Mortgage Update: February 16

Buyers, Stay Focused on Your Home Goals!

As we’ve mentioned in previous updates, there are a few data points that could stop the downward momentum that we've been seeing in interest rates. We've been on a really nice trajectory down, but employment numbers from a week or so ago and inflation numbers from earlier this week came in a little hotter than expected.

Both of those data points have caused a slight increase in interest rates over the last couple of weeks, but we are still much lower than the peak from last October, which is great news. Prospective buyers, our message today is to stay focused on what you want.

Rates change every day and it shouldn't alter what your end goal is. First-time buyers, now is the time to start building generational wealth. There's always ups and downs in the market with interest rates and home values, but history tells us that housing is the best way to build wealth.

Buyers, it's time to get prepared right now. You never know when the house of your dreams is going to be available. The spring buying market is right around the corner. We would love to talk and get you pre-approved.

We’re here to help! Email mortgages@johnadamsmortgage.com.