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As you can see from the chart, mortgage bond prices are at their best levels since November of 2016 (mortgage rates improve when mortgage bond prices improve). If you answer yes to any of these questions, it may be time for you to consider a refinance:
  • Have you had any recent changes in your personal finances, such as debt, income, or cash flow?
  • Are you considering a large purchase, such as a new car or home improvements?
  • Do you have other debt that you'd like to consider consolidating into your mortgage?
  • Has your home improved in value, and would you like to access the equity for any reason?
  • Do you anticipate any changes to your personal cash flow in the near future, such as retirement, upcoming college expenses, etc.?
Keep in mind that market conditions can change at any time, so be sure to contact me quickly if you're interested in exploring this!
Posted in:Rates and tagged: Rates
Posted by Tenby Dahman on September 15th, 2017 9:51 AM

What does a Fed Rate hike mean?

There is not a direct relation to mortgage rates from the Federal Funds rate, it’s more indirect; ultimately it’s the market’s reaction to the news and/or any other factors that affect Mortgage Backed Securities economically. In general, weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve. In contrast, strong economic news normally has the opposite result.

For the Feds raising rates, typically the markets know that’s coming and hedge the markets reactions by building in slightly higher pricing. So we don’t see much change after the Feds raise rates and we have at times seen them actually go down some. That said, it’s volatile when they do and don’t know what will happen.

Ultimately, it's not worth stressing over, but in general the Fed increases rate b/c the economy is improving and they do it to curb inflation, etc. So, it does indicate that if that continues, the trend for mortgage rates will be up over time too.

To see how this affects you personally, please give me a call! 303-862-7760


Posted in:Rates and tagged: Rates
Posted by Tenby Dahman on June 16th, 2017 9:27 AM

Mortgage Interest Rates Went Up Again… Should I Wait to Buy?

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeksFreddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact they may no longer be able to get a rate below 4%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades.

Mortgage Interest Rates Went Up Again… Should I Wait to Buy? | MyKCMBottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

Posted in:Rates and tagged: Rates
Posted by Tenby Dahman on March 14th, 2017 9:13 AM
Posted by Tenby Dahman on July 30th, 2015 12:48 PM



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