Recent Articles
15
2024
Rates continued to rise last week after the CPI inflation reading came in higher than expected. It showed inflation increased 0.2% for the month of September, higher than the 0.1% expected. More importantly, the key inflation measure, Core CPI rose to a 3.3% annual pace, higher...
08
2024
They say hindsight is 20/20. So, for those clients who want to wait for rates to come down, that day was September 16th, 2024. This marked the best rate since May 2023 and for the year so far. Right now, rates are almost 1% higher than that day. Yes, the best rate was 2 days before the...
01
2024
Looking at the big picture mortgage rates have stayed about the same since Mid-September despite all the news since then, and there has been a lot of news. PCE inflation reading released Friday was in line with expectations and showed a continued trend lower overall. Inflation...
24
2024
If I told you mortgage rates rose after the Fed cut their rate .50%, you probably wouldn’t believe me. Yet, here we are. It has been a small move up, but its not what most expected and consumers are confused. The relationship between the Fed funds rate and the mortgage rate...
18
2024
I postponed doing this week’s update a day so we could recap the Fed meeting that just ended. This one was significant because it marks the first rate cut since March 2020. It also was a true live meeting with the market torn between a 50 or 25bps cut. The Fed opted...