Our preferred Lender John Gilfedder brings you a quick snapshot of the February market!
Not a big fan of videos? Here's a summary
As of the end of February, we’re seeing signs of the economy slowing down. ADP jobs came in at just 77,000—well below expectations. Producer price inflation dropped from 2.8% to 2.5%, moving closer to the Fed’s 2.0% target.
Treasury yields fell from 4.5% to 4.25%, leading mortgage rates to drop from 6.875% to 6.625%. This is good news for buyers, as lower rates improve affordability. With fewer buyers in the market, there are opportunities for seller concessions and price negotiations.
If you’re considering buying, now may be a great time. Feel free to reach out—we are happy to review your financial situation and explore your options.
Video and Information Provided by John Gilfedder
- Mortgage Loan Originator
- NMLS# 743450 |
- Phone: (720) 285-9854
- Email: john.gilfedder@elevationscu.com
