My Mortgage Guy: Alex Arauz, Mortgage Broker NMLS #721428

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My Mortgage Guy: Alex Arauz, Mortgage Broker NMLS #721428 Providing low rate, no hassle mortgages throughout California.

If youโ€™ve been thinking about moving or just curious what homes are out there in Rancho Cucamonga between $700Kโ€“$2.5M, I...
05/17/2025

If youโ€™ve been thinking about moving or just curious what homes are out there in Rancho Cucamonga between $700Kโ€“$2.5M, I put together a list just for you. These are real, available homesโ€”not fluff. Take a look and let me know if any of them catch your eye. Iโ€™d love to help you get into the right one.

Search the latest homes listed on the market. Or letโ€™s talk, and I can create a custom search alert for you.

๐Ÿก Join us for an Open House this weekend! ๐ŸŽ‰ Discover your dream home and explore its beautiful spaces. Don't miss out on...
02/25/2025

๐Ÿก Join us for an Open House this weekend! ๐ŸŽ‰ Discover your dream home and explore its beautiful spaces. Don't miss out on this opportunity to find the perfect place for you! For more details and the exact time, send me a message. ๐Ÿ“žโœจ See you there! COMPASS 02110331

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๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—๐˜‚๐—ป๐—ฒ ๐Ÿฎ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘ŽRates moved higher last week, with the highest ra...
06/20/2022

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—๐˜‚๐—ป๐—ฒ ๐Ÿฎ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
Rates moved higher last week, with the highest rates coming Monday and Tuesday before the Fed meeting on Wednesday as markets reacted to the previous week's inflation data. The Fed raised the fed funds rate by 0.75%, a significant increase meant to fight inflation, which actually helped mortgage rates improve from the highest levels seen since 2008.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฐ๐—ผ๐˜‚๐—น๐—ฑ ๐—ฏ๐—ฒ ๐˜ƒ๐—ผ๐—น๐—ฎ๐˜๐—ถ๐—น๐—ฒ โš ๏ธ
Markets will reopen Tuesday after observing Juneteenth and mortgage rates this week could continue to be volatile, moving up and down significantly as markets come to terms with the current economic picture. However, there is a pretty good chance that rates could improve on the week, at least slightly, now that rates have adjusted for the expectations of more aggressive Fed rate hikes to come in July and September. That said, we aren't yet in a position to expect rates to fall too far from here.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Inflation: Ongoing concerns about inflation continue to pressure mortgage rates higher.
- The Fed: Fed Chair Jerome Powell will appear in front of Congress this week in his semi-annual monetary policy report, and his prepared as well as live comments could affect rates this week.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ท๐˜‚๐—บ๐—ฝ๐—ฒ๐—ฑ ๐—” ๐—Ÿ๐—ข๐—ง ๐˜€๐—ถ๐—ป๐—ฐ๐—ฒ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ... ๐˜„๐—ต๐—ฎ๐˜ ๐—ต๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐—ฒ๐—ฑ ๐—ฎ๐—ป๐—ฑ ๐˜„๐—ถ๐—น๐—น ๐—ถ๐˜ ๐˜๐˜‚๐—ฟ๐—ป ๐—ฎ๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ?The short answer is that last Frida...
06/16/2022

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ท๐˜‚๐—บ๐—ฝ๐—ฒ๐—ฑ ๐—” ๐—Ÿ๐—ข๐—ง ๐˜€๐—ถ๐—ป๐—ฐ๐—ฒ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ... ๐˜„๐—ต๐—ฎ๐˜ ๐—ต๐—ฎ๐—ฝ๐—ฝ๐—ฒ๐—ป๐—ฒ๐—ฑ ๐—ฎ๐—ป๐—ฑ ๐˜„๐—ถ๐—น๐—น ๐—ถ๐˜ ๐˜๐˜‚๐—ฟ๐—ป ๐—ฎ๐—ฟ๐—ผ๐˜‚๐—ป๐—ฑ?

The short answer is that last Friday's inflation data sent markets spiraling, because inflation still shows no signs of slowing down. Inflation is bad for rates, and the reaction by markets pushed mortgage rates shooting higher Friday, only to continue higher on Monday and Tuesday as markets prepared for a larger Fed policy rate hike this week.

The Fed did indeed raise rates more than originally forecast today, by .75%. It is important to realize though that this rate increase was for the Fed's policy rate, the fed funds rate. This was not a direct increase to mortgage rates, which the Fed doesn't control and which had already increased in expectations of this move by the Fed.

The good news is that when the Fed raised rates this week, mortgage rates actually IMPROVED. That is because the markets had already priced the move in, and investors are happy to see the Fed is aggressively acting to bring down inflation. Although we have seen extreme volatility in rates, we could see rates continue to improve as we end the week.

๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฟ๐—ถ๐—ด๐—ต๐˜ ๐—ป๐—ผ๐˜„ ๐—ฎ๐—ฟ๐—ฒ ๐—ฎ ๐—ฟ๐—ผ๐—น๐—น๐—ฒ๐—ฟ ๐—ฐ๐—ผ๐—ฎ๐˜€๐˜๐—ฒ๐—ฟ, ๐—ฎ๐—ป๐—ฑ ๐—ฎ๐—น๐˜๐—ต๐—ผ๐˜‚๐—ด๐—ต ๐—ป๐—ผ ๐—ผ๐—ป๐—ฒ ๐—ต๐—ฎ๐˜€ ๐—ฎ ๐—ฐ๐—ฟ๐˜†๐˜€๐˜๐—ฎ๐—น ๐—ฏ๐—ฎ๐—น๐—น ๐—œ'๐—ฑ ๐—ฏ๐—ฒ ๐—ด๐—น๐—ฎ๐—ฑ ๐˜๐—ผ ๐˜๐—ฎ๐—น๐—ธ ๐˜„๐—ถ๐˜๐—ต ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ป๐˜†๐˜๐—ถ๐—บ๐—ฒ ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜„๐—ต๐—ฎ๐˜ ๐—บ๐—ถ๐—ด๐—ต๐˜ ๐—ฏ๐—ฒ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐—ด๐—ต๐˜ ๐—บ๐—ผ๐˜ƒ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚ ๐—ถ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—ฎ๐—ฟ๐—ฒ ๐—ฐ๐—ผ๐—ป๐˜€๐—ถ๐—ฑ๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด ๐—ฏ๐˜‚๐˜†๐—ถ๐—ป๐—ด ๐—ฎ ๐—ต๐—ผ๐—บ๐—ฒ ๐—ผ๐—ฟ ๐—ฝ๐—ผ๐˜€๐˜€๐—ถ๐—ฏ๐—น๐˜† ๐—ฟ๐—ฒ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ป๐—ด. ๐—™๐—ฒ๐—ฒ๐—น ๐—ณ๐—ฟ๐—ฒ๐—ฒ ๐˜๐—ผ ๐—ฟ๐—ฒ๐—ฎ๐—ฐ๐—ต ๐—ผ๐˜‚๐˜ ๐—ฏ๐˜† ๐—ฝ๐—ต๐—ผ๐—ป๐—ฒ, ๐˜๐—ฒ๐˜…๐˜, ๐—ฒ๐—บ๐—ฎ๐—ถ๐—น ๐—ผ๐—ฟ ๐——๐—  ๐—บ๐—ฒ.

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—๐˜‚๐—ป๐—ฒ ๐Ÿญ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘ŽRates moved quite a bit higher last week, as inve...
06/13/2022

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—๐˜‚๐—ป๐—ฒ ๐Ÿญ๐Ÿฏ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—บ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
Rates moved quite a bit higher last week, as investors rushed to price in more aggressive Fed rate hikes after Friday's inflation data came in hotter than expected. Since mortgage rates are based on the pricing of mortgage bonds and not on the Fed funds rate, we see the resulting higher rates now as markets react and not when the Fed actually raises rates.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ฏ๐—ฒ ๐˜ƒ๐—ผ๐—น๐—ฎ๐˜๐—ถ๐—น๐—ฒ โš ๏ธ
Mortgage rates this week are likely to be volatile as investors react to the news coming from the Fed at this week's Fed meeting. Markets try to price in Fed moves before they happen, and this caused mortgage rates to move sharply. If the Fed calms investors' fears, we could actually see rates improve this week. However, if investors are concerned the Fed will have to raise rates faster to curb inflation, we could see mortgage rates react negatively to the news and move higher.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Inflation. Last week's higher than expected inflation data has sent rates rising.
- The Fed. Rates will move according to market reactions to this week's Fed meeting, including how much the Fed raises the policy rate, the Fed members' forecast of future rate hikes, and Fed Chair Powell's press conference.

โš ๏ธ ๐—›๐—ฒ๐—ฟ๐—ฒ'๐˜€ ๐—ฎ ๐˜„๐—ฎ๐—ฟ๐—ป๐—ถ๐—ป๐—ด ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ผ๐˜€๐—ฒ ๐—ผ๐—ป๐—น๐—ถ๐—ป๐—ฒ ๐—น๐—ฒ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€... ๐˜๐—ต๐—ฒ๐˜† ๐—ฎ๐—ฟ๐—ฒ๐—ป'๐˜ ๐—ฎ๐—น๐˜„๐—ฎ๐˜†๐˜€ ๐—ฎ๐˜€ ๐—ด๐—ผ๐—ผ๐—ฑ ๐—ฎ๐˜€ ๐—ฎ๐—ฑ๐˜ƒ๐—ฒ๐—ฟ๐˜๐—ถ๐˜€๐—ฒ๐—ฑ.Who's going to answer your qu...
06/10/2022

โš ๏ธ ๐—›๐—ฒ๐—ฟ๐—ฒ'๐˜€ ๐—ฎ ๐˜„๐—ฎ๐—ฟ๐—ป๐—ถ๐—ป๐—ด ๐—ฎ๐—ฏ๐—ผ๐˜‚๐˜ ๐˜๐—ต๐—ผ๐˜€๐—ฒ ๐—ผ๐—ป๐—น๐—ถ๐—ป๐—ฒ ๐—น๐—ฒ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€... ๐˜๐—ต๐—ฒ๐˜† ๐—ฎ๐—ฟ๐—ฒ๐—ป'๐˜ ๐—ฎ๐—น๐˜„๐—ฎ๐˜†๐˜€ ๐—ฎ๐˜€ ๐—ด๐—ผ๐—ผ๐—ฑ ๐—ฎ๐˜€ ๐—ฎ๐—ฑ๐˜ƒ๐—ฒ๐—ฟ๐˜๐—ถ๐˜€๐—ฒ๐—ฑ.

Who's going to answer your questions... help you get a low rate... make sure you've taken advantage of any special programs available to you? ๐Ÿค”

๐Ÿ‘ As a local mortgage professional, I'm available to talk when it is convenient for you and not just during "business" hours. You won't get a different person every time you call, instead I'll know your unique situation and how to help you get the most house for your money.

๐—ฌ๐—ผ๐˜‚'๐—น๐—น ๐—ฏ๐—ฒ ๐—ฎ๐—ฏ๐—น๐—ฒ ๐˜๐—ผ ๐˜๐—ฒ๐˜…๐˜ ๐—บ๐—ฒ ๐—น๐—ถ๐—ธ๐—ฒ ๐˜„๐—ฒ'๐—ฟ๐—ฒ ๐—ฏ๐—ฒ๐˜€๐˜๐—ถ๐—ฒ๐˜€, ๐—ฒ๐—บ๐—ฎ๐—ถ๐—น ๐—บ๐—ฒ ๐—ถ๐—ณ ๐˜๐—ต๐—ฎ๐˜'๐˜€ ๐˜„๐—ต๐—ฎ๐˜ ๐˜†๐—ผ๐˜‚ ๐—ฝ๐—ฟ๐—ฒ๐—ณ๐—ฒ๐—ฟ, ๐—ฐ๐—ฎ๐—น๐—น ๐—บ๐—ฒ ๐˜๐—ผ ๐˜๐—ฎ๐—น๐—ธ ๐—ฝ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜, ๐—ผ๐—ฟ ๐—ฒ๐˜ƒ๐—ฒ๐—ป ๐˜๐—ผ ๐—บ๐—ฒ๐—ฒ๐˜ ๐—ณ๐—ฎ๐—ฐ๐—ฒ-๐˜๐—ผ-๐—ณ๐—ฎ๐—ฐ๐—ฒ ๐—ถ๐—ณ ๐˜†๐—ผ๐˜‚ ๐—น๐—ถ๐—ธ๐—ฒ.

Don't worry, I have lots of technology at my fingertips to make the process convenient, but I'll still give you the personal attention that will let you sleep at night knowing someone is looking out for you and making sure everything goes according to plan.

๐—ง๐—ต๐—ฒ ๐—ฏ๐—ฒ๐˜€๐˜ ๐—ฝ๐—ฎ๐—ฟ๐˜ ๐—ถ๐˜€ ๐—บ๐˜† ๐—ฐ๐—น๐—ถ๐—ฒ๐—ป๐˜๐˜€ ๐˜‚๐˜€๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—ด๐—ฒ๐˜ ๐—ฎ ๐—ฏ๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐—ฟ๐—ฎ๐˜๐—ฒ ๐˜„๐—ผ๐—ฟ๐—ธ๐—ถ๐—ป๐—ด ๐˜„๐—ถ๐˜๐—ต ๐—บ๐—ฒ ๐˜๐—ต๐—ฎ๐—ป ๐˜๐—ต๐—ฒ๐˜† ๐˜„๐—ผ๐˜‚๐—น๐—ฑ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐˜„๐—ผ๐—ฟ๐—ธ๐—ถ๐—ป๐—ด ๐˜„๐—ถ๐˜๐—ต ๐˜๐—ต๐—ฒ ๐—ฏ๐—ถ๐—ด ๐—ฏ๐—ฎ๐—ป๐—ธ๐˜€ ๐—ผ๐—ฟ "๐—ท๐˜‚๐˜€๐˜ ๐—ฎ ๐—ป๐˜‚๐—บ๐—ฏ๐—ฒ๐—ฟ" ๐—ผ๐—ป๐—น๐—ถ๐—ป๐—ฒ ๐—น๐—ฒ๐—ป๐—ฑ๐—ฒ๐—ฟ๐˜€.

๐Ÿ‘‰ ๐—š๐—ถ๐˜ƒ๐—ฒ ๐—บ๐—ฒ ๐—ฎ ๐—ฐ๐—ฎ๐—น๐—น, ๐˜๐—ฒ๐˜…๐˜, ๐—ผ๐—ฟ ๐—ฒ๐—บ๐—ฎ๐—ถ๐—น ๐˜๐—ผ๐—ฑ๐—ฎ๐˜† so we can find out what mortgage works best for you.I look forward to talking soon!

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—๐˜‚๐—ป๐—ฒ ๐Ÿฒ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜€๐—น๐—ถ๐—ด๐—ต๐˜๐—น๐˜† ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž After a couple of weeks of improving, mortgage...
06/06/2022

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐—๐˜‚๐—ป๐—ฒ ๐Ÿฒ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜€๐—น๐—ถ๐—ด๐—ต๐˜๐—น๐˜† ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
After a couple of weeks of improving, mortgage rates moved higher again last week after the holiday weekend. The move higher confirms concerns that we were likely testing the best rates we have seen in awhile, and that rates might move higher.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—ฐ๐—ผ๐˜‚๐—น๐—ฑ ๐—บ๐—ผ๐˜ƒ๐—ฒ ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
Average mortgage rates could move higher again this week, ahead of next week's Fed meeting. Oil prices, already near a 3-month high, adding to concerns that inflation isn't ready to move lower yet. Although rates are creeping higher, there is an expectation they will fall back again and we are not yet at risk of seeing rates move significantly higher like we did earlier in the year. Unfortunately though rates will likely move higher before falling back again.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Economic data: A relatively quiet week, only Friday's inflation data is likely to play a role in rates for the week.
- Treasury auctions: This week's Treasury auctions are the first to take place since the Fed has started to reduce its balance sheet, and may play a larger role in rates than usual for the week.
- Fed speakers: Actually not affecting rates this week, speakers are in a blackout period before next week's meeting.

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐˜† ๐Ÿฏ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜€๐—น๐—ถ๐—ด๐—ต๐˜๐—น๐˜† ๐—ถ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐Ÿ‘ The good news is that average mortgage rates...
05/31/2022

๐Ÿก ๐—™๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ ๐—ผ๐—ณ ๐— ๐—ฎ๐˜† ๐Ÿฏ๐Ÿฌ, ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฎ

๐—ฅ๐—ฒ๐—ฐ๐—ฎ๐—ฝ ๐—ผ๐—ณ ๐—น๐—ฎ๐˜€๐˜ ๐˜„๐—ฒ๐—ฒ๐—ธ: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜€๐—น๐—ถ๐—ด๐—ต๐˜๐—น๐˜† ๐—ถ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ฒ๐—ฑ ๐Ÿ‘
The good news is that average mortgage rates improved slightly last week, with many lenders able to lock in rates that we haven't seen since April. The bad news is that the underlying markets used to set mortgage rates showed signs that we probably were not going to see much further improvement from here.

๐— ๐—ผ๐—ฟ๐˜๐—ด๐—ฎ๐—ด๐—ฒ ๐—ฅ๐—ฎ๐˜๐—ฒ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜: ๐—ฅ๐—ฎ๐˜๐—ฒ๐˜€ ๐—น๐—ถ๐—ธ๐—ฒ๐—น๐˜† ๐˜๐—ผ ๐—บ๐—ผ๐˜ƒ๐—ฒ ๐˜€๐—น๐—ถ๐—ด๐—ต๐˜๐—น๐˜† ๐—ต๐—ถ๐—ด๐—ต๐—ฒ๐—ฟ ๐Ÿ‘Ž
Average mortgage rates are likely to move slightly higher this week, but shouldn't be at risk of rising too quickly or too significantly. If you are closing soon and considering locking, you may want to discuss it with your mortgage professional to see if it is a good time to lock in a rate. For those unable to lock in a rate yet, there is no need to panic, but you may want to prepare for slightly higher rates this week.

๐Ÿ—“๏ธ ๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐—ถ๐—ป๐—ด ๐—ฟ๐—ฎ๐˜๐—ฒ๐˜€ ๐˜๐—ต๐—ถ๐˜€ ๐˜„๐—ฒ๐—ฒ๐—ธ:
- Economic data: A full slate of data, including Friday's jobs data which could have an effect on rates.
- Bond market: Mortgage rates fluctuate based on the performance of mortgage bonds, with rates improving when bonds improve. However, mortgage bonds are poised to lose value this week, and could contribute to rates creeping slightly higher for the week.

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