Notary Near You Blog

Learning About The Multiple Factors In Play Each Time Mortgage Rates Change

If you are like most Americans, you’ve spent the last few years watching mortgage rates reach historic lows. It is a complex set of factors that impact mortgage rates, and many articles attempt to simplify it.

A recent article on MortgageNewsDaily.com goes into great detail about the various aspects, including graphs that help us visualize what they are saying, It’s a good read if you want to gain a better understanding of the topic.

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Notary Near YouLearning About The Multiple Factors In Play Each Time Mortgage Rates Change
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Home Buyer Sentiment is Low while Home Seller Sentiment is High!

There are many factors that affect home buyer and seller sentiment. Confidence, or lack thereof, in the economic future is a key consideration for both. In Fannie Mae’s National Housing Survey (NHS) seller sentiment is 36 point higher than October 2020, with buyer sentiment 60 points lower for the same period, in spite of the fact that interest rates remain low which is an advantage to buyers.

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Notary Near YouHome Buyer Sentiment is Low while Home Seller Sentiment is High!
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Fannie Mae and Freddie Mac helping homeowners take advantage of low interest rates

Fannie Mae and Freddie Mac expanded a home refinance program that helps low-to-moderate income households, giving them a better opportunity to refinance now while interest rates are low. The program was launched in June of 2021, but recently the income limit qualifier was increased as well as other modifications to the program to reach more homeowners.

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Notary Near YouFannie Mae and Freddie Mac helping homeowners take advantage of low interest rates
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Anticipated Changes from the Federal Reserve

Many people working in the real estate and mortgage industry, as well as those considering buying or selling real estate, are watching the news and reports on expected changes from the Federal Reserve.

CNBC conducted a survey and share the results in this article written by Steve Liesman for CNBC: 

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Notary Near YouAnticipated Changes from the Federal Reserve
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