03/25/2025
⚡️Here is your quick mortgage market update.🏡
It appears the tariffs will be more targeted than initially anticipated. This news led a rally in the stock market yesterday. Bonds, which are tied closely to mortgage rates, typically fade during those rallies as money cannot be in both places at the same time. It is not a big setback for mortgage rates though, and compared to rates this same time last week, the market is flat.
Home price appreciation numbers for January 2025 are official, and Case-Shiller is reporting +4.1% YoY - which is strong for this climate. The Fed has much on their docket for this week with data coming in for various reports. Plenty of potential to see the market move a bit, but which direction and how much will depend on the data.
As always, reach out for more information and detail. Everyone's scenario is unique so let us put the figures together for you!
https://www.omglending.com/loan-rates/
NMLS # 1253874 – NMLS Consumer Access
Advertised Rates effective as of the date Rates placed on Infinity Equity Group, LLC dba Omega Mortgage Group website. Annual Percentage Rates may vary. This advertisement does not constitute a commitment to lend. Qualification for advertised mortgage scenarios is subject to underwriting guidelines and credit review/approval. For mortgage loans other than fixed loans, it is possible that the borrower’s payment may increase substantially after consummation. The disclosed closing costs are only estimates. Actual closing costs may vary. The information contained herein is subject to change without notice.
Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act -106851 and NMLS #1253874
AZ Lic #1007664 | CA 41DBO-106851 | CO none | FL MLD2263 | ID MBL9351 | NV 4482 | OR ML-5506 | SC Lic #1253874 | TN 1253874 | TX none | Utah #13117413 | WA CL-1253784