Weekly Mortgage Market Update: Current Rates and Buying Opportunities. We discuss this week’s mortgage market update, covering the slight rate increase driven by global headlines and Middle East developments affecting oil prices. We break down current rates across different loan types—conventional at 6.23%, FHA at 5.91%, VA at 5.93%, jumbo loans at 6.53%, and non-QM mortgages at 6.81%. We emphasize that you don’t need to wait for rates to drop to buy a home, as our clients are winning right now with seller concessions, closing cost assistance, and payments comparable to or lower than rent. #MortgageUpdate #RealEstateMarket #HomeBuying #MortgageRates #HousingMarket
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