Julie Grove Miller - Mortgage Loan Orignator

03/01/2025

Rates dipped slightly during the week ending January 3, 2025, as market trading volumes declined during the holidays. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

27/12/2024

Rates have remained relatively flat during the week ending December 27, 2024, as we head into the holiday season. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

20/12/2024

Rates were volatile during the week ending December 20, 2024, but ended higher as hopes diminished for Fed policy rate cuts in 2025. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

13/12/2024

Rates remained steady during the week ending December 13, 2024, with inflation coming in as expected, all but ensuring a coming Fed policy rate cut. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

06/12/2024

Mortgage rates remained flat during the week ending December 6, 2024, as new data showed a resilient labor market and economy. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

29/11/2024

Rates continued to hold steady during the week ending November 29, 2024, as inflation and economic data showed a resilient economy. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

22/11/2024

Mortgage rates stalled during the week ending November 22, 2024, with little data to move them in either direction. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

15/11/2024

Rates were unchanged during the week ending November 15, 2024, after both consumer and wholesale inflation data came in as expected. Secure Choice Lending is an Equal Housing Lender.

Enjoy this quick update on what's going on in the housing and financial markets.

18/09/2024

The Fed finally cut rates! At their September meeting, the Board voted to slash policy rates by 0.50% and projected more cuts to come this year. The Fed doesn't control mortgage rates directly, but rates had already fallen in anticipation. There may be advantages to making your move now rather than waiting on the Fed to act again. If you want to discuss good timing for your situation, please reach out. Secure Choice Lending is an Equal Housing Lender.

09/09/2024

Why you might regret waiting for better rates after Fed Cuts -
This week's labor market data together with Fed speeches solidified the case for the Federal Reserve to cut rates by at least .25% when the Fed meets in 2 weeks. With more and more buzz surrounding that rate cut, it may make sense for consumers to enthusiastically wait for the the lower mortgage rates that are sure to follow. However, those who wait are generally surprised to learn that the only rate that's guaranteed to move lower on Fed day is the Fed Funds Rate.

Keep in mind, it is not a case of mortgage rates needing to respond either. Actually, the Fed Funds Rate will be catching up with the rest of the market. It is not an exaggeration to say that mortgage rates have already moved lower in anticipation of the upcoming Fed rate cut. Did you know that the average 30 yr fixed rate is already down more than 1.5% from the peak hitting the lowest levels in more than a year and a half after this Friday's jobs report? Meanwhile, the Fed Funds Rate hasn't dropped at all during the same timeframe.

As you can see in the illustration below, mortgage rates have been moving lower in anticipation of the Fed Cut.