https://www.5gmortgage.com/jenniferhill/home

Loan Originator - Jennifer Hill NMLS 1834366, 75 Waneka Parkway, Lafayette, CO (2026)

12/11/2023

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟭𝟭, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
Mortgage rates varied a bit day-to-day last week, but ultimately ended the week basically unchanged. The labor market data showed some softening with less job openings than forecast, but also showed strength with more new jobs created than expected and unemployment falling.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
This week brings new inflation data and the Fed meeting, the combination of which will set the tone for mortgage rates through the rest of the year. This week is a good week to stay in close contact with your mortgage professional.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Inflation data: Consumer inflation comes out Tuesday morning, with wholesale inflation released on Wednesday. If inflation improves more than expected it would help mortgage rates fall further, but the opposite is true if we see inflation data that fails to impress markets.
- The Fed: The Fed meets this week, and is unlikely to raise its policy rate. However, markets will be looking for updates to the Fed's rate forecast and looking for signs that the Fed is open to cutting rates sooner in 2024. Fed Chair Powell's press conference Wednesday afternoon will likely cause volatility in mortgage rates.

12/04/2023

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟰, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Mortgage rates continued to slowly improve from October's highest rates seen in decades, reacting to markets' now speculating that the Fed may begin cutting policy rates as soon as March after previous expectations of cuts starting in June.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 👍
Although rate improvements will lose steam eventually, the next couple of weeks could see rates move even a bit lower from here. This week we get a lot of labor market data, which could improve mortgage rates if traders find any weakness in the jobs data. Next week we get inflation data and the Fed meeting.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Every day after Monday brings some kind of labor market report. Tuesday is the Job Opening and Labor Turnover Survey, Wednesday is ADP private payrolls, Thursday is unemployment claims, and Friday brings the biggest report with new job creations, wage increases, and unemployment numbers.
- The Fed: It was Fed members' comments last week that helped push mortgage rates lower, but Fed members are now on a media blackout until the Fed meeting next week. As markets increase the belief that the Fed will cut rates sooner in 2024, rates will improve.

11/28/2023

❗🏡 𝗡𝗲𝘄 𝗰𝗼𝗻𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗹𝗼𝗮𝗻 𝗹𝗶𝗺𝗶𝘁𝘀 𝗳𝗼𝗿 𝗙𝗮𝗻𝗻𝗶𝗲 𝗠𝗮𝗲 𝗮𝗻𝗱 𝗙𝗿𝗲𝗱𝗱𝗶𝗲 𝗠𝗮𝗰 𝗺𝗮𝘆 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲!

😀Today's news means you may be able to qualify for 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲 𝗮𝘁 𝗮 𝗹𝗼𝘄𝗲𝗿 𝗿𝗮𝘁𝗲, because a "conforming" loan often has a better rate than a "jumbo" loan that you would normally need for higher mortgage amounts.

The conforming loan amount is going from $726,200 to $766,550 in 2024. Some areas of the country qualify for even higher limits, sometimes as high as $1,149,825!

👉 𝗜𝗳 𝘆𝗼𝘂'𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄 𝘁𝗵𝗮𝘁 𝗮𝗳𝗳𝗲𝗰𝘁𝘀 𝘆𝗼𝘂, 𝗹𝗲𝘁 𝗺𝗲 𝗸𝗻𝗼𝘄 𝗮𝗻𝗱 𝗜'𝗹𝗹 𝗯𝗲 𝗴𝗹𝗮𝗱 𝘁𝗼 𝗴𝗼 𝗼𝘃𝗲𝗿 𝗶𝘁 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂.

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽.

11/27/2023

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟳, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗿𝗲𝗺𝗮𝗶𝗻 𝘀𝘁𝗲𝗮𝗱𝘆 👍
As was expected, rates were basically unchanged last week when markets slowed down over the Thanksgiving holiday. After reaching the highest rates in decades in October, rates have fallen in November on expectations that the Fed is done raising rates.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 👍
This week it is likely to see rates once again remain relatively unchanged or improve slightly, depending on how some of the economic data comes in for the week including the Fed's favorite inflation gauge. However, it is next week's labor market data and the following week's inflation data and Fed meeting that hold the most potential for rates to improve through the middle of December.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: This week includes consumer confidence data, a revision of the 3rd quarter GDP, and the PCE inflation report along with lots of housing data. Signs of a slowing economy could help rates hold steady, while signs of economic strength could pressure rates to creep slightly higher.
- The Fed: Markets believe the Fed is done raising rates, and are looking for signs of when the Fed will begin to actually cut rates in 2024.

11/20/2023

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟬, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗹𝗼𝘄𝗲𝗿 👍
Better than expected consumer and wholesale inflation data as well as a drop in retail sales for the first time in seven months helped mortgage rates improve for the week. Rates now reflecting a belief that the Fed is done hiking rates, and will begin cuts sometime in early 2024 as the economy slows down and the labor market softens.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗵𝗼𝗹𝗱 𝘀𝘁𝗲𝗮𝗱𝘆 👍
This holiday shortened week is likely to see mortgage rates remain relatively unchanged, although we may see some movement from day-to-day. Markets and lenders will be closed on Thursday for Thanksgiving, and markets will close early on Friday. If we do see rates move this week it will be more due to the holiday and low trading volume in markets than a shift in the outlook, and we should see a return to normal next week.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: There are only a couple of small reports this week that are unlikely to cause too much of a stir for mortgage rates.
- Thanksgiving: This is usually a quiet week around the holiday, as most traders take off after Wednesday morning's data for a long weekend.

11/14/2023

🤔 𝗪𝗵𝗮𝘁 𝗱𝗼𝗲𝘀 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗱𝗼 𝘄𝗶𝘁𝗵 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗱𝗿𝗼𝗽𝗽𝗶𝗻𝗴? 🥳

This morning's inflation report showed inflation hit a two-year low, which makes it unlikely the Fed will need to raise rates.

𝗧𝗵𝗮𝘁 𝗵𝗲𝗹𝗽𝗲𝗱 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗿𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲 𝗹𝗼𝘄𝗲𝗿.

How much lower? It depends on your situation.

✅ If you were following rates, thinking of buying but waiting for rates to fall, or talking about maybe refinancing to wrap up some debt and save some money each month... let's talk.

Text me, call me, DM me, or reply here. I'm here to help. My contact info is in my profile.

11/13/2023

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟭𝟯, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates crept higher last week as markets reacted to Fed Chair Jerome Powell saying Thursday that he and other Fed officials remain committed to bringing inflation down to 2% and would not hesitate to raise policy rates further as needed to do so.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 𝗮𝗻𝗱 𝗰𝗼𝘂𝗹𝗱 𝗺𝗼𝘃𝗲 𝗵𝗶𝗴𝗵𝗲𝗿 ⚠️
This week brings inflation data and retail sales data which both will have an effect on mortgage rates for the week. If data comes in favorably, it could help rates drop a bit, however the current outlook shows that inflation could come in higher than expected and pressure mortgage rates higher.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: There are concerns that consumer inflation readings on Tuesday could come in higher than expected due to a change in how health care costs are accounted for, which would cause markets to react in a way that could push mortgage rates higher. Wednesday brings wholesale inflation data, although this is generally less of a market mover. Also, if retail sales data on Wednesday shows a strong economy, it could increase concerns about a possible Fed rate hike to come in December, which would pressure mortgage rates higher.

11/06/2023

𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟲, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗹𝗼𝘄𝗲𝗿 👍
Mortgage rates dropped last week, helped by markets reacting to multiple reports. Economic data for the most part came in on the cool side, and less new jobs were created last month than was expected. The Treasury reported it will issue less new debt than was forecast, concerns of which have driven up rates recently. The Fed meeting also left markets speculating that the Fed is done raising rates and will need to cut sooner in 2024. All of this together helped mortgage rates move lower.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗮𝘆 𝗰𝗿𝗲𝗲𝗽 𝗵𝗶𝗴𝗵𝗲𝗿 👎
This week there is little in the way of relevant economic data to affect mortgage rates, and it is unlikely we see rates move either much higher or much lower than they start the week. However, after seeing rates move lower last week, we may see them creep back a bit this week.

𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Fed speakers: Fresh off last week's Fed meeting, lots of Fed officials will be out speaking this week. Markets may react to their comments, which could affect mortgage rates.
-10yr yield: After testing 5% in October, the 10yr Treasury yield has fallen back. If it starts to move higher, it could take mortgage rates with it.

11/06/2023

New 5.0-star Review: "From start to finish, Jennifer Hill did a fantastic job getting us into our new home! Jennifer was always accessible and easy to get in touch with to answer any questions or concerns we had during the process. Her caring and knowledge of the industry really meant a lot to us!"

11/03/2023

🔥 𝗟𝗲𝘁'𝘀 𝗖𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗲 𝗟𝗼𝘄𝗲𝗿 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲𝘀! 👍

If you've been watching mortgage rates because...

✅ You're thinking of buying a home...
✅ Consolidating some debt...
✅ Any other reason...

I've got good news! 🎉

Text me, DM me, call me, whatever you like... just be sure we talk soon before we miss this chance!

10/30/2023

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟯𝟬, 𝟮𝟬𝟮𝟯

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates moved slightly higher last week, helped along with strong economic data and high bond yields.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
This week has many events that will affect mortgage rates, including a full calendar of economic data, multiple readings on the labor market and unemployment, a Fed meeting and press conference, and a widely anticipated borrowing report from the Treasury. Depending on how this week plays out, we could see rates move either higher or lower.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Nothing Monday, but then a full week of economic and labor market data that will likely affect mortgage rates this week. Signs of a still strong economy and labor market could push mortgage rates higher, while signs of potential weakening could help rates improve.
- Treasury borrowing: Markets are anticipating the quarterly refunding announcement on Wednesday, which will show how much the debt the Treasury plans on issuing over the next three months.
- Fed meeting: Wednesday afternoon brings the Fed's policy statement, where it is expected to leave rates alone, and Fed Chair Powell's press conference which always causes market movement.

Loan Originator - Jennifer Hill NMLS 1834366

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