The Mortgage Vet Weekly
Market Intel.
Straight Talk.
Weekly mortgage rates, market data, VA loan updates, and straight talk, built for realtors and buyers in Montana, North Carolina, Nevada, and beyond.
@TheMortgageVetPaulReal-Time Rates & This Week's Episode
You're Waiting for a Cut. The Fed Voted the Other Way.
The Fed held rates last week, and three members pushed for a hike, not a cut. Markets now price better than 7-in-10 odds on a September increase, and Freddie Mac ticked up for a fourth straight week. Inside: what every week of waiting actually costs, the June housing read, and the VA benefit behind Purple Heart Day.
You're Waiting for a Cut. The Fed Voted the Other Way.
The Fed held and three members wanted a hike, not a cut. Markets now put better than 7-in-10 odds on a September increase. Here is what waiting costs, the June housing read, and the VA benefit behind Purple Heart Day.
- 📊 Rate Snapshot: 30-year at 6.66%, 15-year at 6.04% (Freddie Mac, week ending July 30), a fourth straight weekly climb
- 🏛️ The Fed: held 9-3 with three members dissenting for a hike, and September hike odds now top 70%
- ★ Vet Corner: Purple Heart Day is August 7, and the VA loan benefit it stands behind
- 🔧 Cost of Waiting: about $67 more per month and roughly $10k in lost buying power per quarter-point
Local Coverage, State by State
The Mortgage Vet Weekly is national, but housing is local. State editions go deeper with local market data, VA loan detail, regional partners, and events on the ground. Each state shows its current issue and last week's.
The Cut Isn't Coming. Fayetteville Gives You Room.
The Fed signaled higher, not lower. Meanwhile Fayetteville homes are sitting about 61 days, and that time is leverage for buyers with orders in hand. Inside: statewide and Fort Bragg numbers, local events, the cost of waiting, and Purple Heart Day.
Orders Move Fast. So Should Your Plan.
More Days on Market. More Room to Deal.
The Fed pointed to higher rates, not lower. Across Montana, homes are sitting longer, from 83 days in Cascade to 128 in Flathead, and that time is your leverage. Inside: the four-county read, the cost of waiting, and Purple Heart Day.
You Can Bet on Anything Here. Not a Rate Cut.
You can bet on anything in this town, but a rate cut at the next Fed meeting isn't one of them. Two Nevada markets, one signal: Las Vegas at a record $490K with room to negotiate, and a tighter Reno-Tahoe. Inside: both reads, the cost of waiting, and Purple Heart Day.
Paul Messina
Paul Messina
Branch Manager · Milestone Mortgage Solutions · NMLS #2679956
Army combat vet and Branch Manager at Milestone Mortgage Solutions, serving clients across 48 states and the U.S. Virgin Islands. Specializing in VA, FHA, conventional, and USDA lending, with straight talk so realtors and buyers know exactly where the market stands.
Now serving clients in 48 states and the U.S. Virgin Islands
This newsletter is for informational purposes only and does not constitute a commitment to lend. Rates shown are national averages and are not a guarantee of the rate you will receive. Equal Housing Lender.