Mortgage Market Movers Weekly With Nick Garcia (1/20/25)
Welcome to Mortgage Market Movers Weekly, a new segment hosted by Nick Garcia from Mortgages by Linda. In this series, Nick breaks down the latest market trends, mortgage rate movements, and economic factors affecting homebuyers.
WATCH FULL VIDEO HERE!
This week’s episode covers:
✅ Mortgage interest rate trends and their connection to the bond market.
✅ The impact of Trump’s inauguration on financial markets.
✅ Housing market updates—is it a good time to buy?
✅ Predictions for mortgage rates in 2025 and advice for homebuyers.
If you’re considering buying a home or refinancing, this episode will help you understand what’s happening in the market and what to expect next.
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👇 Here’s a quick summary of the key points: 👇
1. Mortgage Interest Rates & Market Trends
– Rates are tied to the U.S.10-Year Treasury Yield.
– Early 2025 saw a rate spike, but stabilization followed.
– Federal Reserve may cut rates twice this year, but mortgage rates are indirectly affected.
2. Economic & Political Impact
– Trump’s inauguration on Jan 20, 2025, adds market uncertainty.
– Inflation sits at 2.9% (Fed target: 2%)—future interest rate changes depend on inflation trends.
3. Housing Market Insights
– 30-year fixed mortgage rate: 7.04% (as of Jan 16, 2025).
– Median home price: $424,000 (Q3 2024).
– Home prices tend to rise over time, so waiting to buy might not be ideal.
4. Key Takeaway
– Mortgage rates may decrease if inflation stabilizes and the bond market strengthens.
– Buying now and refinancing later could be a smart move.