It felt like a pretty slow week in the mortgage and real estate business this week as Memphis and other cities across the southeast were shut down due to winter weather. Mortgage markets were relatively quiet as well, even with Wednesday’s Fed Meeting. Rates remain virtually unchanged, so we are still at 5.875% for our best 30-year fixed conventional scenario.

Not a lot of movement during the short week, but we will end the week up slightly, back to 5.875% for our best 30-year fixed conventional scenario.

The momentum from last week stalled a bit this week despite some marginally positive inflation data. We will end the week still at 5.75% for our best 30-year fixed conventional scenario, but it does come with a relatively small one-eighth percent charge in discount points.  

A really nice week for mortgage rates with a big announcement late Thursday that should move rates down significantly over the coming weeks. We finally broke through and are now at 5.75% for our best 30-year fixed conventional scenario.

With a lack of major economic news, the final couple of weeks of the year were relatively quiet for mortgage markets. Mortgage rates ended just slightly higher for the week, we are still at 5.875% for our best 30-year fixed Conventional scenario.

A short trading week with the holidays so not a lot to report but we did improve just a bit for the week. We will end the week at 5.875% with .25% lender credit towards closing costs.  We are one or two good days away from moving down to 5.75%, a mark that we haven’t really seen in the last 3 years other than very, very briefly in September of 2024.