Mortgage Watch

Mortgage Rates Are Easing

Mortgage Rates are holding steady near recent lows! In fact, the average mortgage rate is .01% lower when compared to last Friday. Technically, this is very bullish considering the US Government is shut down, and the market is showing signs of calm after a rollercoaster year.

What’s Driving the Change?

The Federal Reserve recently cut interest rates, which helps ease borrowing costs. Bond traders are expecting 2 additional rate cuts this year, driving a bond rally.
Investors are feeling more confident, which is stabilizing the mortgage-backed securities (MBS) market.
Treasury yields are dipping, which often leads to lower mortgage rates. Today, this is being helped by POTUS posing “massive” new Tariff on China.

Translation? The financial gears are turning in favor of Lower Rates!

What You Can Do Right Now

Get pre-approved if you’re thinking about buying >> rates like these don’t always last.
Review your current mortgage to see if refinancing makes sense.
Talk to a trusted mortgage advisor (like me!) to explore options tailored to your goals.

Final Thought

Markets change. Life changes. But when opportunity knocks, preparation makes all the difference. Whether you’re just starting your journey or planning your next chapter, today’s rate environment is a reminder that your dreams are still within reach.

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SOURCE & AUTHOR | Keith Murphy Branch Manager – Essex Mortgage NMLS #330827 Direct: 714-309-1140 Apply: www.GoTeamMurphy.com

About the Author

Tim Morissette, REALTOR®

Tim Morissette, also known in the community as Mr. Foothill Ranch, offers over 48 years of real estate experience which has given him an established reputation and unmatched market knowledge. He is joined by his wife, Michele and sons Matt and Jeff, as they continue to offer personal service with an emphasis on achieving his clients’ real estate goals. This unique combination of traits has led to his proven track record of referral and repeat business. This can be witnessed by the trust of homeowners in Foothill Ranch where he has sold twice as many homes and represented three times more buyers than the next-leading real estate agent for the last 29 years.

As residents of Foothill Ranch since 1994, Tim and Michele are actively involved in the community by fundraising for Foothill Ranch Library, Make-a-Wish Foundation, Cancer Society, Homes for Habitat, Relay for Life, South County Outreach, and the local church and schools. Tim enjoys sponsoring community-wide garage sales, paper shredding and e-waste recycling event, an Easter egg hunt, & a Meet Santa Event.

Tim and Michele are dedicated to their family of four sons, daughter-in-laws, and grandchildren. As a family, they enjoy many outdoor activities which include camping, spearfishing, mountain climbing and exploring the miles of hiking and equestrian trails in Foothill Ranch and the Whiting Ranch Wilderness Park. Tim and his sons are also avid snowboarders and enjoy mountain biking and lobster diving. Family is a top priority in the Morissette household. They look forward to helping more families achieve their dreams of homeownership.