Sometimes, you may find that your house is a long way from becoming your home. Enter FDM’s full suite of products designed to assist you in realizing your dream. From a freshening or addition to full-scale ground-up construction, allow us to guide you through the complex world of renovation and construction lending... Read More
Whether you’re a first-time homebuyer or seasoned investor, Fidelity Direct Mortgage has your financing solution waiting. We’ve assisted thousands of borrowers just like you purchase their forever home or further their legacy by investing in real estate. Let our team of professionals go to work for you, on your time, and on your terms... Read More
A preliminary mortgage approval is only as good as the company who issues it. Find out why today’s top real estate professionals place their trust in FDM every day to deliver results... Read More
It’s no secret that the key to generational wealth is proper management of your home’s equity. This comes in many different forms, such as refinancing to better your rate and term, OR, unlocking the potential of your home’s equity... Read More
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Let’s Face it! Buying your first home can be challenging and confusing. But know that there is help. There are down payment assistance, loan programs, State/County tax breaks designed around First time Home buyers. Read More
Sometimes, “off-the-rack” might not fit you. Depending on your specific needs, a specialized mortgage may prove to be the vehicle needed to get you home. Read More
The Link Loan Program was created to help a large percentage of population that have had credit or other challenges that do not fit in Agency Guidelines AND they do not have access to 30 percent or more of purchase price... Read More
Service. Programs. Rates. These are the three key drivers to any mortgage company’s success, including Fidelity Direct Mortgage. Most mortgage companies today can offer these, so what is The FDM Difference? How does FDM make this ideology come to life, resulting in thousands of satisfied clients and partners? Put simply, it’s our people. Each team member that touches your loan, from consultation to closing and beyond, shares the same goal – To create a lifelong relationship with you, our valued clients. From our ability to execute on even the toughest of loans to our united commitment in delivering an unparalleled experience to all parties of the transaction, these are the key components to our longevity and success. Welcome to Fidelity Direct Mortgage. Welcome Home.
Jan 27, 2025
On Wednesday, January 29, 2025 the FOMC will meet for the first time in 2025. The Fed cut rates three consecutive meetings at the end of 2024. The Federal Funds Rate is down a full 1.0% from where it was in early September. The FOMC cut rates three time, but mortgage rates went up each time. Why? The mortgage market expected these moves by the Fed already building each rate cut into mortgage bond pricing. The FOMC started interest rate cuts in September, but mortgage rates moved in the opposite direction. The Federal Funds Rate immediately impacts short term borrowing. For consumers Credit Card rates, automobile loans rates , Home Equity Lines of Credit Rates will move lower after the Fed moves. Mortgage rates work differently. The average mortgage rate has been over 6% for over two-years. They have remained stubbornly above 6%, reaching over 7% again at the end of the year, even with Fed rate cuts, prompting some to say “Sixes are the new normal”. Mortgage rates are closely aligned to U.S. Government Bonds particularly the U.S 10-Year Treasury Bond. Inflation concerns remain elevated. Inflation has not abated as quickly as hoped keeping demand for longer term bonds weak.
The FOMC meets again the 27th. What is the Fed expected to do? Based on the Fed Futures Market no rate cut is expected. In fact, according to the Fed Futures Market, we will not a see a Fed Rate cut until June. Inflationary pressures remain keeping mortgage rates elevated. We have seen mortgage rates drift lower over the past week, which is a good sign, but not the sign of a major shift to lower rates. We expect interest rate volatility for the near future.
Contact your FDM Investment Specialist today for more details.
438 North Frederick Ave, Suite 315
Gaithersburg, MD 20877
Tel: (301) 869-6000 | (866) 527-8052
Email:
contact@fdmhome.com