Christopher Murray Mortgage NMLS# 103453

04/24/2026

Markets this week were influenced by both economic data and ongoing global developments.

Even with that, spending remains strong, and the job market is staying stable.

If you are thinking about buying or exploring loan options, feel free to reach out anytime.

📞 (919) 656-8375
📩 [email protected]

NMLS 103453 & 40561
Equal Opportunity Lender

11/17/2023

https://www.msn.com/en-us/money/realestate/mortgage-rates-decline-for-third-consecutive-week/ar-AA1k2U26?ocid=msedgdhp&pc=U531&cvid=5005f5113a85488bb4ecc6efb1e9f7bb&ei=31

The average rates for 30- and 15-year fixed mortgages have declined for the third straight week, signaling a downward trend after inflation cooled last month.

10/11/2023

True story! A week or so ago I was in drive thru of my favorite Starbucks! I always order the same thing but over the last few orders the total was always different. Curious, I asked the drive thru attendant why. As they were trying to figure this out for me the gentleman behind me got a little irritated because it was taking longer then what he thought it should. He started shouting out his window at me, blowing the horn and using some choice words that indicated he was having a pretty bad day. As we pulled forward to pay he was still ranting and pointing fingers and really letting me know his day was off to a bad start because I delayed his Starbucks order by a few minutes. I pulled up to the window paid for mine and of course paid for his. Fast forward to today I go in the Starbucks and the staff member who was working the window was working the register today and she told me after paying for his Starbucks he was really confused as to why I would do that. Well, I guess it sparked something in him because he paid for the person behind him who was also confused because they saw his behavior and how upset he was acting. I knew he really wasn’t upset with me and something started his day off the wrong way. I was just an excuse for him to let some of that anger go. Lesson learned for me is you just never know when a little act of kindness may impact someone’s day. There is a lot of anger, finger pointing, bad news, war and just over all stress in todays world. Let’s all strive to do better, one act of kindness to have a big impact. I hope his day got better and he was able to let go of what he was really upset with.

03/14/2023

Thinking about moving / purchasing a new home ? Got questions about this recent market shift?? Call and let’s discuss your options. As a experienced resource to answer all of your questions?
Look no further! Reach out today and let’s take the simplified and satisfied path to your dream of homeownership!
American Security Mortgage
The Chris Murray Team
[email protected]
919-443-1600
NMLS 103453 ASMC 40561
APPLY NOW- http://www.thechrismurrayteam.com

The average rate on the popular 30-year fixed mortgage dropped to 6.57% Monday, according to Mortgage News Daily.

03/13/2023

The market is moving .. stay informed👍🏼

Mortgage rates are around 50 basis points lower today compared to last week. The average 30-year rate could be at 6.5% after hovering at 7% throughout last week.

When there is a financial market panic, investors shift money towards safe asset. The safest is the U.S. Treasury notes and bonds. The next is pretty much anything with government guarantees such as those buying Veterans Affairs mortgages, FHA mortgages, and those mortgages purchased by Fannie Mae and Freddie Mac. Consumer taking out a mortgage from say Bank of America or Quicken Loans are probably being sold to Fannie and Freddie. That is why the mortgage rates follow the movement of Treasury yields.

So a panic in a sense lead to an automatic stimulus to the economy from lower interest rates. The housing sector nearly always respond to falling mortgage rates especially when there are job additions to the economy.

Silicon Valley Bank’s problem, aside from the tech industry downturn, was the mismatch in duration. It bought plenty of Treasury bonds few years ago when interest rates were low. There are no defaults but the bank had to pay 4% short term rate now to depositors while collecting only 2% to 3% long term committed rate from Treasury it had purchased. Not a good business model.

The data below from U.S. Treasury and from Mortgage News Daily. NMLS 103453

03/01/2023

Failure and success are part of the same paradigm- not separate nor opposite.
Failure or mistakes are part of learning and growth, which can lead to success.

02/23/2023

Great perspective on the history of rates.

02/21/2023

Helpful keys to being more productive without the burnout.

Be more productive during the day without exposing yourself to burnout.

02/18/2023

The Number of Newly Built Homes Is on the Rise

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built.

02/17/2023

Are you going to look at any open houses today or this weekend? Getting pre-approved is an important first step towards buying a home. Let’s connect so you have the right tools to buy a home in today’s market.