What are the opening hours?

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

https://www.melissapostmortgage.com/

Melissa Post, Mortgage Broker NMLS #226263, 674 Lafayette Avenue, Hawthorne, NJ (2026)

05/24/2022

Finally some balance in the housing market??

With many sellers still hoping to get high prices for their homes 🏡 some buyers may think twice before making that offer.

Rising mortgage rates can keep some buyers on the sidelines so as demand for homes dips we will hopefully see prices level off and more offers get accepted! 🙏

01/24/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟰, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝘄𝗼𝗿𝘀𝗲 👎
Average mortgage rates ended last week just slightly worse, improving as the week went on after opening Tuesday with worse rates (markets were closed Monday in observance of MLK Day). Mortgage rates have moved higher to start the year as the economy and labor market return to pre-pandemic levels.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
Mortgage rates should be stable and possibly slightly better to start the week, but Wednesday's Fed meeting policy statement and press conference are likely to cause volatility. It is a good idea to stay in contact with your mortgage professional this week, especially if you are at a point in your mortgage process where you are considering locking.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Fed Meeting: This week's Fed meeting is likely to cause rates to move, with a higher likelihood that rates could get worse rather than improve. Investors will be looking for signs of how aggressive the Fed will be in fighting inflation, as well as signs of when the Fed will begin reducing its balance sheet.
- Concerns over Russia and Ukraine: Escalating tension in the region is pushing investors to take a risk-off stance, helping bonds to improve which helps mortgage rates.

01/19/2022

🚨 𝗗𝗼𝗻'𝘁 𝗹𝗲𝘁 𝘁𝗵𝗼𝘀𝗲 𝗼𝗻𝗹𝗶𝗻𝗲 𝗮𝗱𝘀 𝗳𝗼𝗼𝗹 𝘆𝗼𝘂 😲

Rates have moved up higher in recent weeks, but many online ads are still advertising rates that were barely attainable even months ago when rates were at their lowest. 😡

These ads can make you question if you're getting a good low rate, or if you should be looking elsewhere.

👉 𝗗𝗼𝗻'𝘁 𝗹𝗲𝘁 𝘁𝗵𝗲𝗺 𝗺𝗮𝗸𝗲 𝘆𝗼𝘂 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳. If I'm quoting you an interest rate, you can count on it being attainable and being a low rate for the current rate environment. You don't have to fear you'll overpay or be taken advantage of when you work with me, and you can be assured that the rates I quote you are not bait-and-switch rates like these online ads.

While it is true that rates have moved sharply higher recently, we are still seeing some of the best mortgage rates in years. Rates are returning to pre-pandemic levels, as the economy has recovered, and rates are not likely to significantly drop anytime soon.

✅ 𝗜𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝘁𝗮𝗹𝗸 𝗺𝗼𝗿𝗲 𝗮𝗯𝗼𝘂𝘁 𝘄𝗵𝗮𝘁 𝗿𝗮𝘁𝗲𝘀 𝘄𝗼𝘂𝗹𝗱 𝗹𝗼𝗼𝗸 𝗹𝗶𝗸𝗲 𝗳𝗼𝗿 𝘆𝗼𝘂 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗼𝗿 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝗼𝘂𝘁 𝘁𝗵𝗲𝗿𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝘁𝗼 𝗯𝘂𝘆 𝗮 𝗵𝗼𝗺𝗲, 𝗷𝘂𝘀𝘁 𝗹𝗲𝘁 𝗺𝗲 𝗸𝗻𝗼𝘄. I'd be glad to run the numbers for you and to talk about how we can get you a low rate... just maybe not as low as the liar ads you see online.

01/17/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟳, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates continuing to march higher, as markets prepare for the Fed to raise policy rates in 2022. Although the Fed doesn't set mortgage rates, the Fed's actions such as the raising of the Fed funds rate does influence mortgage rates. Markets are already reacting to the expectations the Fed will raise rates as soon as March of this year, and may raise rates more times than initially forecast as it fights to curb inflation.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲 𝘁𝗼 𝗺𝗼𝘃𝗲 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Average mortgage rates this week could still move higher, as speculation increases that the Fed will be forced to raise rates sooner and more often in 2022 to fight inflation that continues to move higher. Rates are unlikely to retreat much, and consumers should be careful to avoid chasing after rates that are no longer available.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A quiet week for economic data, nothing that is likely to influence rates this week.
- The Fed: Speculation the Fed will raise rates starting in March and more times than initially expected this year is pushing mortgage rates higher.
- Inflation: Inflation hit 7% in December, the fastest pace since 1982, pressuring rates higher.

01/10/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟭𝟬, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates moved higher last week, in one of the bigger moves we've seen for rates in quite awhile and much faster than expected. This was due to investors returning from the end of year holidays to renewed inflation concerns and expectations that the Fed may raise rates sooner due to comments in last month's Fed meeting minutes.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲 𝘁𝗼 𝗺𝗼𝘃𝗲 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Average mortgage rates could unfortunately continue to worsen this week, as investors try to stay ahead of the coming Fed rate increases and react to data showing inflation is still a problem. Although rates are moving higher, they remain near historic lows and it is still a great time to buy a home or consider refinancing for many homeowners.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Consumer and wholesale inflation data this week could contribute to rates creeping higher. Treasury auctions could also cause some rate movement this week, depending on investor demand.
- The Fed: Speculation the Fed may raise policy rates as soon as March's meeting, and comments in last month's meeting minutes that the Fed will take steps to reduce balance sheet holdings could pressure rates higher this week.

01/06/2022

🚨⚠️ 𝗧𝗵𝗮𝘁'𝘀 𝗿𝗶𝗴𝗵𝘁, 𝘁𝗵𝗲 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲 𝗼𝗻 𝗮 𝘀𝗲𝗰𝗼𝗻𝗱 𝗵𝗼𝗺𝗲 🏡 𝗶𝘀 𝘀𝗼𝗼𝗻 𝗴𝗼𝗶𝗻𝗴 𝘂𝗽 𝗮𝗻𝘆𝘄𝗵𝗲𝗿𝗲 𝗳𝗿𝗼𝗺 𝟭-𝟰% 𝗵𝗶𝗴𝗵𝗲𝗿 𝘁𝗵𝗮𝗻 𝘆𝗼𝘂𝗿 𝗿𝗲𝗴𝘂𝗹𝗮𝗿 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲.

So if you've been thinking of buying a home on the lake, a cabin in the mountains, a condo at the beach... any kind of second vacation home, we need to talk!

👎 A recent announcement from the Federal Housing Finance Agency has come out and said that lenders will soon be required to add an additional 1-4% increase to the interest rate of a second home (a second home is a vacation home, like a home in the mountains, on the lake, or a beach house that you will only live in part of the year and is not your primary residence). The size of the rate increase will depend on how much you're putting down as a downpayment.

👍 𝗧𝗵𝗲 𝗴𝗼𝗼𝗱 𝗻𝗲𝘄𝘀 𝘁𝗵𝗼𝘂𝗴𝗵 𝗶𝘀 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲𝗿𝗲 𝗶𝘀 𝗮 𝘀𝗺𝗮𝗹𝗹 𝘄𝗶𝗻𝗱𝗼𝘄 𝗼𝗳 𝘁𝗶𝗺𝗲 𝘄𝗵𝗲𝗿𝗲 𝘄𝗲 𝗰𝗮𝗻 𝘀𝘁𝗶𝗹𝗹 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗯𝘂𝘆 𝘁𝗵𝗮𝘁 𝘃𝗮𝗰𝗮𝘁𝗶𝗼𝗻 𝗵𝗼𝗺𝗲 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘁𝗵𝗲 𝗵𝗶𝗴𝗵𝗲𝗿 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲 (𝘣𝘶𝘵 𝘪𝘵 𝘤𝘰𝘶𝘭𝘥 𝘣𝘦 𝘢 𝘝𝘌𝘙𝘠 𝘴𝘮𝘢𝘭𝘭 𝘸𝘪𝘯𝘥𝘰𝘸!)

👉 𝗥𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝘁𝗼 𝗺𝗲 𝗳𝗼𝗿 𝗱𝗲𝘁𝗮𝗶𝗹𝘀 𝗶𝗳 𝘆𝗼𝘂'𝘃𝗲 𝗯𝗲𝗲𝗻 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝘀𝗲𝗰𝗼𝗻𝗱 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗰𝗼𝗻𝗱𝗼 𝘀𝗼 𝗜 𝗰𝗮𝗻 𝗯𝗲𝘁𝘁𝗲𝗿 𝗲𝘅𝗽𝗹𝗮𝗶𝗻 𝘄𝗵𝗮𝘁 𝗶𝘀 𝗵𝗮𝗽𝗽𝗲𝗻𝗶𝗻𝗴 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗶𝘁 𝘄𝗶𝗹𝗹 𝗮𝗳𝗳𝗲𝗰𝘁 𝘆𝗼𝘂!

01/03/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟯, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻𝗲𝗱 𝗹𝗼𝘄 👍
Average mortgage rates last week were basically unchanged, as investors took the remainder of the year off and markets were quiet. There were no big economic data releases or other events to cause mortgage rates to move.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗹𝗼𝘄, 𝗯𝘂𝘁 𝗰𝗼𝘂𝗹𝗱 𝘄𝗼𝗿𝘀𝗲𝗻 👎
Average mortgage rates remain low, but there are some signs to start the week that we could see rates get a bit worse. Most consumers are more likely to see slightly higher closing costs than actual rate increases though, even if we do see some worsening. The outlook is good that mortgage rates will remain low through January, but could creep up a little bit on concerns about pending Fed rate increases.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: A few reports will be released this week, but Friday's job's data is the only one likely to have any effect on rates.
- Omicron: The latest variant is still playing a small role in rates, as investors remain concerned about high case counts and the possible effect on the global economy.
- The Fed: The minutes from the Fed's last meeting will be released on Wednesday, and we could see a negative reaction from mortgage rates depending on how investors react to what is in the minutes.

12/27/2021

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟳𝘁𝗵, 𝟮𝟬𝟮𝟭🍾 🎆 🎇

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 𝗹𝗼𝘄 👍
Average mortgage rates last week remained low, as markets remain quiet while most investors take the remainder of the year off. Most lenders closed early on Thursday and were closed Friday in observance of Christmas.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗹𝗼𝘄 👍
Average mortgage rates will remain low this week, and although there could be some small day to day movement in closing costs associated with your mortgage, rates shouldn't move much. The bond market and most lenders will be closed early on Friday for New Year's Eve.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: No important economic data this week, mainly just housing data that shouldn't affect rates at all.
- Omicron: Markets continue to speculate how omicron will affect the global economic recovery, but it shouldn't play much of a role this week as investors take the week off.
- New Year's Eve: Most lenders will close early on Friday for New Year's Eve.

12/22/2021

⚠️ 🚨 You have likely heard the ads... "Push button. Get mortgage."

Is it really that easy? Not yet it's not... 😅

The truth is that there are many different mortgage programs out there, and which one you choose can affect your interest rate, your payment, and even the amount of money you will need to put down.

𝗠𝗮𝗸𝗶𝗻𝗴 𝗮 𝗺𝗶𝘀𝘁𝗮𝗸𝗲 𝗰𝗼𝘂𝗹𝗱 𝗰𝗼𝘀𝘁 𝘆𝗼𝘂 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝗱𝗼𝗹𝗹𝗮𝗿𝘀 𝗮 𝗺𝗼𝗻𝘁𝗵 𝗮𝗻𝗱 𝘁𝗵𝗼𝘂𝘀𝗮𝗻𝗱𝘀 (𝗼𝗿 𝗲𝘃𝗲𝗻 𝘁𝗲𝗻𝘀 𝗼𝗳 𝘁𝗵𝗼𝘂𝘀𝗮𝗻𝗱𝘀!) 𝗼𝗳 𝗱𝗼𝗹𝗹𝗮𝗿𝘀 𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗹𝗶𝗳𝗲 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲. 𝗢𝗿, 𝗶𝘁 𝗰𝗼𝘂𝗹𝗱 𝗺𝗲𝗮𝗻 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗽𝘂𝘁 𝗱𝗼𝘄𝗻 𝗺𝗼𝗿𝗲 𝗺𝗼𝗻𝗲𝘆 𝘁𝗵𝗮𝗻 𝘆𝗼𝘂 𝗿𝗲𝗮𝗹𝗹𝘆 𝗻𝗲𝗲𝗱𝗲𝗱 𝘁𝗼.

Even with the right program, a lot can go wrong during the mortgage process. Don't you want a human on your side to help guide you through the problems and make it go smoothly and hassle free?

✅ 𝗜 𝗰𝗮𝗻 𝗱𝗼 𝘁𝗵𝗮𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂.

👉 𝗜𝗳 𝘆𝗼𝘂 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝘀𝘂𝗿𝗲 𝘆𝗼𝘂 𝗮𝗿𝗲 𝗴𝗲𝘁𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲, 𝘁𝗵𝗲𝗻 𝘆𝗼𝘂'𝗿𝗲 𝗯𝗲𝘁𝘁𝗲𝗿 𝗼𝗳𝗳 𝘄𝗼𝗿𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗺𝗲 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲 𝗮𝗽𝗽 𝗼𝗻 𝘆𝗼𝘂𝗿 𝗽𝗵𝗼𝗻𝗲. 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽 𝗮𝗻𝘆𝘁𝗶𝗺𝗲, 𝗷𝘂𝘀𝘁 𝗿𝗲𝗮𝗰𝗵 𝗼𝘂𝘁 𝘄𝗵𝗲𝗻 𝗶𝘁 𝗶𝘀 𝗰𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝘁 𝗮𝗻𝗱 𝘄𝗲'𝗹𝗹 𝗳𝗶𝗻𝗱 𝘀𝗼𝗺𝗲 𝘁𝗶𝗺𝗲 𝘁𝗼 𝘁𝗮𝗹𝗸.

I'm here if you need me.

12/20/2021

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟮𝟬𝘁𝗵, 𝟮𝟬𝟮𝟭

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻𝗲𝗱 𝗹𝗼𝘄 👍
Average mortgage rates ended the week slightly better, mostly in the form of lower closing costs, with the middle of the week being a bit volatile around the Fed meeting and press conference. The Fed did announce it would be tapering bond purchases faster, reducing monetary stimulus and opening the door to rate hikes sooner in 2022. The Fed is expected to raise policy rates next year, to help curb inflation which has become an issue as the economy recovers from the pandemic.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗶𝗹𝗹 𝗿𝗲𝗺𝗮𝗶𝗻 𝗹𝗼𝘄, 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝘆 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 👍
Average mortgage rates this week should remain low, and could improve some although a significant drop in rates is unlikely. Markets get a bit choppy this time of year as investors take the rest of the year off, but we aren't likely to see any big moves either way.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: The Fed's favorite inflation gauge will be released Thursday morning and may play a role in rates that day. Otherwise it is a quiet week.
- Holiday market closures: The bond market and most lenders will be closed early on Thursday and all day Friday in observance of Christmas.
- Omicron concerns: Playing a small role in helping to keep rates low this week.

12/13/2021

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟭𝟯𝘁𝗵, 𝟮𝟬𝟮𝟭

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻𝗲𝗱 𝗹𝗼𝘄 👍
Average mortgage rates didn't move much, as market concerns about the omicron variant have subsided and investors prepare for the Fed to look to raise policy rates sooner in 2022. We saw some slightly higher closing costs through the middle of the week before settling back down a bit to end the week.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
This week we will get the Fed's policy statement, along with the Fed members' forecast of potential rates for the next couple of years. We could see markets react to any surprises, although investors are currently speculating that the Fed will announce faster bond tapering which would signal a rate increase as soon as March of 2022. Overall though we don't expect rates to move much, but should be prepared for movement just in case.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Tuesday's wholesale inflation data isn't likely to cause any big moves, but we could see some slight movement on Wednesday's retail sales data.
- The Fed: As discussed above, the highlight of the week.
- Other central banks: Over 20 different global central bank meetings this week, including the European Central Bank and Bank of England could play a small role in rates this week.

Melissa Post, Mortgage Broker NMLS #226263

05/24/2022

01/24/2022

01/19/2022

01/17/2022

01/10/2022

01/06/2022

01/03/2022

12/27/2021

12/22/2021

12/20/2021

12/13/2021

Address

Opening Hours

Telephone

Website

Alerts

Contact The Business

Shortcuts

Share

Category

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