What are the opening hours?

Monday 8am - 8pm Tuesday 8am - 8pm Wednesday 8am - 8pm Thursday 8am - 8pm Friday 8am - 8pm Saturday 10am - 6pm Sunday 10am - 6pm

http://www.edwardazarimortgage.com/

Edward Azari, MBA, Mortgage Broker NMLS #589122, Glendale, CA (2026)

03/14/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗠𝗮𝗿𝗰𝗵 𝟭𝟰, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗴𝗼𝘁 𝘄𝗼𝗿𝘀𝗲 👎
Average mortgage rates moved higher last week as concerns about increasing inflation continued. Rising prices in oil have led to the highest gas prices in U.S. history, which are pushing the price of goods higher as items get more expensive to make and transport.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗰𝗿𝗲𝗲𝗽 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates are likely to worsen this week, driven by the Ukraine/Russia war and the Fed meeting, unless something happens in Ukraine to spook investors to safe havens.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Tuesday brings wholesale inflation data and Wednesday brings retail sales data, both of which may have a small effect on rates. Housing data this week, while important to monitor, is not likely to affect rates.
- Ukraine/Russia: Rates are no longer seeing clear benefits of investors moving to safe haven bonds, as instead concerns about the war's impact on the global economy take front stage.
-The Fed: The Fed will release its policy statement Wednesday afternoon, as well as the forecast of Fed members on where rates will be over the next couple of years. The announcement as well as Fed Chair Jerome Powell's subsequent press conference have the potential to be bad for rates.

03/09/2022

👉 𝗗𝗼𝗻'𝘁 𝗮𝘀𝗸 𝘀𝗼𝗺𝗲 𝗼𝗻𝗹𝗶𝗻𝗲 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗰𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗼𝗿 𝘁𝗼 𝗱𝗼 𝗮 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗽𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹'𝘀 𝗷𝗼𝗯.

✅ If you're thinking about buying a home or out actively looking, we should talk.

Reach out anytime.

03/07/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗠𝗮𝗿𝗰𝗵 𝟳, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗯𝗲𝘁𝘁𝗲𝗿 👍
Average mortgage rates improved last week, but only by a small margin, as the war in Ukraine pushed investors to seek safety in bonds. Stronger sanctions against Russia early in the week helped rates improve before losing some ground Wednesday and Thursday. Friday's Russian attack of a Ukrainian nuclear power plant helped rates to improve again despite stronger than expected jobs data.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
Mortgage rates are likely to be volatile this week, with rates being slightly better or worse depending on global market reactions to developments in Ukraine. While rates may move slightly day-to-day, we shouldn't see any big moves higher or lower unless something major happens Ukraine. The Fed meets next week, and is likely to raise policy rates by a quarter percent. Surging oil prices driving up gas costs, along with sanctions against Russia could push inflation higher, hurting mortgage rates.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Thursday's inflation data could affect rates, otherwise a quiet week.
- Russia/Ukraine: Both geopolitical events as well as concerns about sanctions and rising oil prices are the biggest factor for mortgage rates this week.

02/28/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟴, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
Average mortgage rates were worse to start the week after a 3-day weekend, but ended the week nearly unchanged after geopolitical concerns caused by the Russian invasion of Ukraine caused investors to seek safety in bonds, which normally helps mortgage rates.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 👍
Mortgage rates are not likely to improve much, but could improve slightly this week from concerns about the sanctions imposed against Russia for invading Ukraine. Investors are worried that sanctions could affect the global economy, especially Europe's economy, which relies on Russian energy. Expectations of a Fed policy rate increase in March still remain, although markets now believe the Fed will only raise rates a quarter percent rather than the previously expected half point.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A full week of data, but Friday's jobs data has the most potential to affect rates.
- The Fed: Mortgage rates may be helped this week by expectations of a smaller rate hike at the March Fed meeting.
- Russia/Ukraine: Russia has now invaded Ukraine, and continued pressure from western nations to retreat could help mortgage rates improve slightly.

02/25/2022

🤔 𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄...

✅ that more than 6 MILLION homes were sold in 2021?
✅ that 6 million is the most homes sold since 2006?
✅ and that despite rising mortgage rates, existing home inventory in January was 1.6 months? (that's a RECORD LOW for inventory!)

𝗪𝗵𝘆 𝗮𝗺 𝗜 𝘁𝗲𝗹𝗹𝗶𝗻𝗴 𝘆𝗼𝘂 𝘁𝗵𝗶𝘀?

Simple. I want you to know that...
✅ now is a GREAT time to find a new home.
✅ prices are not likely to drop anytime soon (as long as demand remains strong and supply remains low).
✅ and that I can help you get a low rate mortgage on your home purchase!

𝗜'𝗺 𝗵𝗲𝗿𝗲 𝗶𝗳 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝗺𝗲, if you want to discuss numbers, see what you qualify for, or get a referral to a great real estate agent, just let me know.

𝗗𝗼𝗻'𝘁 𝗹𝗲𝘁 𝘁𝗵𝗲 𝗵𝗲𝗮𝗱𝗹𝗶𝗻𝗲𝘀 𝘀𝗰𝗮𝗿𝗲 𝘆𝗼𝘂, 𝗱𝗲𝘀𝗽𝗶𝘁𝗲 𝗿𝗶𝘀𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝗻𝗼𝘄 𝗶𝘀 𝘀𝘁𝗶𝗹𝗹 𝗮 𝗳𝗮𝗻𝘁𝗮𝘀𝘁𝗶𝗰 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲!

Reach out anytime!

02/22/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟭, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗼𝗿𝘀𝗲 👎
Mortgage rates moved higher last week, but only slightly, as speculation of a larger Fed rate hike in March started to fade. Concerns about escalating tensions at the Russia/Ukraine border also kept rates from moving too much higher.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆
Mortgage rates could see some volatility this week but ultimately end the week slightly better, as markets react to the unfolding situation at the Russia/Ukraine border. Concerns about Russia invading Ukraine could push investors to seek safe havens in bonds, which helps mortgage rates improve slightly. Also, belief that the Fed will not make a big splash when raising rates in March is gaining momentum, and could help rates improve slightly.

𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Lots of data in a holiday shortened week could cause some volatility in mortgage rates this week, especially Friday's inflation data.
- The Fed: Mortgage rates may be helped this week by investors once again believing a smaller rate hike is more likely from the Fed at the March Fed meeting.
- Russia/Ukraine: Concerns that Russia will invade the Ukraine are mounting, pushing investors to the safety of bonds and helping mortgage rates.

02/16/2022

🏡 𝗜𝗳 𝘆𝗼𝘂'𝗿𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗳𝗼𝗿 𝗮 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲, 𝘁𝗵𝗲𝗻 𝘆𝗼𝘂 𝗹𝗶𝗸𝗲𝗹𝘆 𝘄𝗮𝗻𝘁 𝘁𝗼 𝘄𝗼𝗿𝗸 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁🥇 .

✅ Someone who can take a confusing process and make it simple.
✅ Someone who can help you get a low rate, especially when rates are on the rise.
✅ Someone you can trust, that you know is looking out for you.

𝗧𝗵𝗲 𝗴𝗼𝗼𝗱 𝗻𝗲𝘄𝘀 𝗶𝘀 𝘄𝗲 𝗵𝗮𝘃𝗲 𝘁𝗵𝗲 𝗴𝗼𝗹𝗱 𝗺𝗲𝗱𝗮𝗹 🥇 in all of the above. Check out our reviews ⭐⭐⭐⭐⭐, and see for yourself!

𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲?
If you're thinking of buying a home and are looking to get prequalified, or if you want to discuss what your payments would be as rates rise and what you could both qualify for and what you are comfortable with as a payment, let us help.

𝗪𝗮𝗻𝘁 𝘁𝗼 𝗽𝗮𝘆 𝗼𝗳𝗳 𝘀𝗼𝗺𝗲 𝗱𝗲𝗯𝘁, 𝗺𝗮𝗸𝗲 𝘀𝗼𝗺𝗲 𝗵𝗼𝗺𝗲 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁𝘀, 𝗼𝗿 𝘁𝗮𝗸𝗲 𝘀𝗼𝗺𝗲 𝗰𝗮𝘀𝗵 𝗼𝘂𝘁?
We can help with that as well.

𝗥𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝗮𝗻𝘆𝘁𝗶𝗺𝗲 𝗮𝗻𝗱 𝗹𝗲𝘁 𝘂𝘀 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄 𝘄𝗲 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂. We'll be glad to provide you with gold medal service🥇!

02/14/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟭𝟰, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗶𝗻𝗴 𝘁𝗼 𝘄𝗼𝗿𝘀𝗲𝗻 👎
Mortgage rates last week moved higher as inflation reports showed inflation surged 7.5% in January, even higher than expected and the highest increase in almost 40 years. Expectations that the Fed will have to take stronger measures to get inflation under control pressured mortgage rates higher on the week.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲 𝗵𝗶𝗴𝗵𝗲r 👎
Mortgage rates are likely to continue higher this week and in coming weeks ahead of the next Fed meeting in March, as markets prepare for the Fed to raise policy rates faster than originally forecast. Although the Fed doesn't directly control mortgage rates, rates generally move higher as markets prepare for the Fed to hike policy rates.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- The Fed: Expectations the Fed will raise policy rates at March's meeting by half a percent rather than a quarter percent, are pushing mortgage rates higher.
- Fed meeting minutes: Minutes from last month's Fed meeting will come out on Wednesday, and could pressure mortgage rates higher if they support a larger Fed rate hike in March.
- Russia/Ukraine: Concerns that Russia will invade the Ukraine are causing stocks to suffer, and could help mortgage rates slightly.

02/10/2022

😭 The bad news: Yes, it's true... mortgage rates have gone up.
😀 The good news: I can still help you get a low rate!

It's hard to believe that rates can actually go up, but they have... and they aren't likely to come down anytime soon.

𝗛𝗼𝘄 𝗰𝗼𝗺𝗲 𝗿𝗮𝘁𝗲𝘀 𝘄𝗲𝗻𝘁 𝘂𝗽?

Well, mortgage rates are increasing because the economy has rebounded from the pandemic, and inflation has become a real problem. The Fed, our central bank responsible for keeping inflation in check, will likely raise policy rates for the first time in years at its March meeting. Mortgage rates have been moving higher in 2022 as markets adjust to the expectation of the Fed's upcoming rate increase, and more increases that are expected to come this year.

𝗪𝗶𝗹𝗹 𝗿𝗮𝘁𝗲𝘀 𝗰𝗼𝗺𝗲 𝗯𝗮𝗰𝗸 𝗱𝗼𝘄𝗻?

That's a question no one has the answer to, but there is a good chance that rates may actually keep moving higher before we see them move lower again. It is important though to realize that we are seeing rates return to pre-pandemic levels, and that rates are still low when compared to the averages over the last decade.

Remember, I'm here to help, and to discuss your options.

Reach out anytime that is convenient for you, and let's talk about how I can help you get a great low rate even now that rates have moved higher, for buying a home or to refinance a home you currently own.

02/07/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟳, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗼𝗿𝘀𝗲 👎
Average mortgage rates once again moved higher last week, first on Thursday as markets reacted to comments made by European Central Bank President Christine Lagarde, and then on Friday as stronger than expected jobs data pushed markets to price in a larger Fed rate increase at March's Fed meeting.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘂𝗻𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝗺𝘂𝗰𝗵 👎
Although mortgage rates are not likely to increase much this week, it is unlikely we will see rates improve. Although it is natural to want to 'chase' rates that were available only a few weeks ago, consumers should be careful not to miss out on the current rates by doing so. Rates are more likely to creep higher than to move lower this week.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- The Fed: Expectations are increasing that the Fed will raise policy rates at March's Fed meeting by half a percent rather than a quarter percent, which is pushing mortgage rates higher in anticipation of the move. As the probability of a larger hike increases, we could see mortgage rates creep higher.
- Economic Data: Thursday brings more inflation data, and if inflation remains high as is expected, it could pressure mortgage rates higher.

02/02/2022

🗓️ 𝗛𝗮𝗽𝗽𝘆 𝗚𝗿𝗼𝘂𝗻𝗱𝗵𝗼𝗴 𝗗𝗮𝘆! ❄️

Groundhog Day, held on February 2nd, is when we ask, "Are we in for six more weeks of winter?"

Only a groundhog named Punxsutawney Phil knows for sure... (𝘀𝗲𝗲 𝘄𝗵𝗮𝘁 𝗣𝗵𝗶𝗹 𝗽𝗿𝗲𝗱𝗶𝗰𝘁𝘀 𝗳𝗼𝗿 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿 𝗮𝘁 𝘁𝗵𝗲 𝗲𝗻𝗱 𝗼𝗳 𝘁𝗵𝗲 𝗽𝗼𝘀𝘁!)

Each year on Groundhog Day, people flock to Gobbler’s K**b in Punxsutawney, Pennsylvania, to await the forecast of the local rodent celebrity.

Originating with German settlers, who came to Pennsylvania in the 1700s and brought their seasonal superstitions with them, legend has it that if Phil sees his shadow on February 2nd, the winter chill will continue. Oddly, if the weather is cloudy and he doesn’t see his shadow, we can expect warmer temperatures and early spring.

Groundhog Day is a tradition to be cherished... as are these low mortgage rates! (see what I did there?)

👉 𝗦𝗼 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿, 𝗣𝘂𝗻𝘅𝘀𝘂𝘁𝗮𝘄𝗻𝗲𝘆 𝗣𝗵𝗶𝗹 𝘀𝗮𝘆𝘀: 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘴𝘦𝘦 𝘴𝘪𝘹 𝘮𝘰𝘳𝘦 𝘸𝘦𝘦𝘬𝘴 𝘰𝘧 𝘸𝘪𝘯𝘵𝘦𝘳 👎.....but not necessarily 6 more weeks of low mortgage rates!

𝗦𝗼 𝗶𝗳 𝘆𝗼𝘂 𝘄𝗼𝘂𝗹𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝘁𝗮𝗹𝗸 𝗮𝗯𝗼𝘂𝘁 𝗵𝗼𝘄 𝗜 𝗰𝗮𝗻 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝘁𝗮𝗸𝗲 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲 𝗼𝗳 𝘁𝗵𝗲𝘀𝗲 𝗹𝗼𝘄 𝗿𝗮𝘁𝗲𝘀 𝘁𝗼 𝗲𝗶𝘁𝗵𝗲𝗿 𝗯𝘂𝘆 𝗮 𝗻𝗲𝘄 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗲, 𝗴𝗶𝘃𝗲 𝗺𝗲 𝗮 𝗰𝗮𝗹𝗹, 𝘁𝗲𝘅𝘁, 𝗲𝗺𝗮𝗶𝗹, 𝗼𝗿 𝗗𝗠.

Or, just reach out and we can complain about the six more weeks of winter yet to come! 😜

01/31/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟯𝟭, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗼𝗿𝘀𝗲 👎
Average mortgage rates last week were volatile, as we forecasted. Rates started last week slightly improved, before seeing rates move worse on Wednesday after the Fed released its policy statement and Fed Chair Jerome Powell held his press conference. Rates improved Thursday and Friday from the worst levels though, ending the week only slightly worse from the week before.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗻𝗲𝗮𝗿 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝗹𝗲𝘃𝗲𝗹𝘀 👍
Although mortgage rates are higher than the best levels seen last year, rates still remain low when compared to averages over the past 10 years and beyond. If you're buying a home, you shouldn't need to worry about rates rising much this week, and if you own a home and you think you have missed your opportunity to refinance it may not be too late. Be sure to talk with your mortgage professional this week to find out your options.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Jobs Data: Most economic data this week won't affect mortgage rates, however Friday's jobs data is likely to cause rates to move a bit.
- The Fed: Markets will continue to react to speculation of upcoming Fed policy rate increases, expected to start in March, which have caused rates to rise in January.

Edward Azari, MBA, Mortgage Broker NMLS #589122

03/14/2022

03/09/2022

03/07/2022

02/28/2022

02/25/2022

02/22/2022

02/16/2022

02/14/2022

02/10/2022

02/07/2022

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01/31/2022

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