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This week showed why mortgage rates can change even when nothing seems different in the housing market.
Early in the week, global headlines created uncertainty for investors. When markets are surprised, interest rates often rise as money moves out of long term investments. That reaction caused mortgage rates to open higher than last week.
As the situation cooled, markets settled and rates stabilized. This is a reminder that mortgage rates are influenced by confidence and global events, not just home prices or inventory.
Inflation data released this week was calm and steady, helping support more stable rates over time.
Housing affordability is also receiving more attention from policymakers. Ideas being discussed could allow buyers to use part of their 401k to help with a home purchase. For many buyers, the biggest hurdle is coming up with cash upfront, not the monthly payment.
The Federal Reserve is another factor to watch, as future policy decisions may influence interest rates.
Buying a home is a big decision. When you understand what is driving mortgage rates and focus on preparation and long term goals, you are better positioned to move forward with confidence when the right opportunity comes along.
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The new year is here, and the housing market is waking up.
Mortgage rates stayed steady through the holidays, landing around 6.2% for a conventional 30 year fixed loan. After years of ups and downs, stability like this matters more than many buyers realize.
There are also financing options available today that often go unnoticed. FHA and VA loan programs remain below 6%, which can significantly improve affordability for first-time buyers and veterans.
As financial markets return to full activity on Monday, fresh economic data brings more clarity and helps buyers plan with greater confidence.
Inflation continues to cool, even though prices remain elevated. That is why things still feel expensive, but the pace of increases has slowed, which supports longer-term decision-making.
Lower gas prices have also helped household budgets, easing some of the pressure many families have felt.
Most reputable forecasts suggest mortgage rates will remain in the low 6% range throughout 2026. While the market looks different than it once did, opportunity still exists for buyers who understand today’s conditions and prepare accordingly.
The market is waking up, options exist, and informed buyers are better positioned to move forward with confidence.
