DAILY MORTGAGE RATE CHART

Most important point: the best use of this index is to track the CHANGE from day to day. There are so many things that can cause discrepancies between borrowers, lenders, and quotes. But because we use the same baseline scenario year after year, you can be sure that the CHANGE is a good representation of how rates are moving.

Although this chart shows the AVERAGE rates on today's market,

I can provide my clients with significantly lower rates than the average bank or lender with my wholesale pricing.

Please reach out with any questions! Ask me for a quote!

Kevin Dull - Edge Home Finance

Cell - (740) 602-3202

kevin@KDthebroker.com

Housing and Mortgage News Updates

Existing Home Sales (Nov 2024)


Closings on existing homes rose for the second straight month in November, boosted by lower rates when buyers were shopping in Sept/Oct. NAR’s chief economist, Lawrence Yun, confirmed, that “more buyers have entered the market” and “home sales momentum is building.“

#homesellers #homesales #realestate #mbshighway

New Home Construction (Nov 2024)


New home construction eased in November, as a decline in multifamily Housing Starts outweighed the increase in single-family home building. “Limited new supply relative to household growth should continue to support home prices,” said Dan Habib, CRO, Highway.

#homebuyers #homebuilder #newconstruction

Home Builder Sentiment (Dec 2024)


Homebuilder confidence held steady at 46 in December as optimism for regulatory relief next year helped offset concerns about elevated costs, home prices and rates. Future sales expectations also increased to a nearly three-year high, staying well above 50 in expansion territory.

#homebuilder #newconstruction

Consumer Price Index (Nov 2024)



Annual inflation moved higher in November for the second straight month, as Headline CPI rose from 2.6% to 2.7% YoY. Core CPI held steady at 3.3% YoY.

#cpi #inflation

BLS Jobs Report (Nov 2024)



Job growth was slightly above estimates in November, as the BLS reported that 227K new jobs were created vs the 214K that were forecasted. The unemployment rate rose slightly to 4.2%.

#bls #jobs #unemploymentrate

ADP Employment Report (Nov 2024)


Private sector job growth was below forecasts in November, as employers added 146K new jobs versus the 163K that were expected. However, pay gains edged higher for job stayers for the first time in 25 months. Job changers saw an increase as well. #adp #job

Renter vs Homeowner Net Worth


Talk about a winning choice! The average homeowner's net worth is 42 times that of a renter. Homeownership builds significant, long-term wealth and is a strategic move towards securing your financial future.

#homebuyers #homeownership #realestate

2025 Federal Income Tax Brackets

The IRS has raised the thresholds for income tax brackets and the standard amount Americans can deduct for tax year 2025. This could mean potential tax savings on these returns that are due in April 2026.

#taxes #irs

How to Save Money Over the Life of your Loan


Got a little extra income monthly? Making additional payments towards your principal helps you reduce the total amount of interest paid over time and also accelerates your path to full homeownership. Questions about how this strategy works? Send me a message and let's walk through your specific situation using my handy Amortization tool.

#homeowner #wealth #amortization #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow

Bid Over Asking Price



Nationwide, the typical home sold received 2-3 offers this year. Although it can feel uncomfortable to put in a bid that is above the asking price, the price appreciation can quickly compensate for the extra payment, and in the long-term, you own the home you wanted and are building long-term wealth through home equity. Ask me about my Bid Over Asking Price tool and I'll take you through the math!

#bidoverask #recordhomeprices #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow