Financing

Hope you had a wonderful Mother’s day weekend! Mortgage rate has gone up to 4.875% as Fed Raise the interest rate by 0.50 bp on Wednesday, and 10 year note closed at 3.12% (same level as November 14th, 2018) on Friday. 428K new jobs created in April.  The Unemployment Rate remained at 3.6%   ＦＲＢは３─４日に開いたＦＯＭＣで、フェデラルファンド金利の誘導目標の０．５０％ポイント引き上げを決定した事から、米国１０年債は、３．１２％まで上昇(2018年１１月１４日と同じレベル)。 […]

Mortgage rates are unchanged from last week. 10 year Note closed at 2.89% on Friday. GDP fell 1.4% and down from the 6.9% in Q4 2021. The quarterly PCE inflation data rose to 7% from 6.4%. Markets will focus on the FED meeting next week – May 3rd & 4th. A 50bp interest rate hike […]

Conventional 30 year fixed rate went up by 0.25% from last Friday – 4.75% as 10 year US Note went up to above 2.90% (first time since November 2018), and time before that was October 2011!!!    (Housing price was much lower than today) March Existing Home Sales fell 2.7% from February to an annual rate […]

Mortgage rate went up to 3.75% as Feed Funds Rate by 0.25% for the first hike since December 2018 on Wednesday. Mortgage rates kept going  higher this week as 10 year note closed at 2.72% first time since March 5, 2019. Conventional loan is at 4.375% , but we are still offering great Jumbo rate […]