Let’s talk about something you might not check nearly as often as your bank account – and that’s how much your home is worth. But when it comes to your financial situation, it;
Saturday Morning Coffee Feb 8
Dated: February 7 2025
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Saturday Morning Coffee ☕
Mortgage rates this week 7.05% - MND
New Listings Post Increase - Redfin
Boomers Are Spending on Renovations - Survey
Strong Job Market & Steady Mortgage Rates
Despite recent headlines suggesting market volatility, mortgage rates have remained surprisingly steady, focusing on hard economic data rather than speculation.
January’s job market showed mixed signals. The economy added 143,000 jobs—less than expected—but revisions to previous months added another 100,000. Retail, healthcare, and government sectors led the way, while unemployment dipped to 4.0%. Wages also rose 4.1% year-over-year, surpassing forecasts.
Normally, weaker job creation would help lower mortgage rates, but the market remains focused on long-term trends. Meanwhile, December’s job openings report fell short of expectations, reinforcing uncertainty.
For homebuyers and sellers, the good news is that mortgage rates are holding steady. If you’re thinking about making a move, let’s talk about what this means for you!
Andy Rose
Andy brings to the table over 12 years of real estate experience including becoming a licensed Georgia broker in 2018 and a licensed Broker in Florida in 2019. Prior to his real estate career he proud....
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