Recent Articles
Aug
27
2024
27
2024
Weekly Mortgage Rate Update- 8-27-2024
When it comes to the Fed fund rate it’s no longer a matter of when they will cut but by how much, as the attention turns from inflation to the labor market. In economic news last week the BLS revised the number of jobs added to the economy from March 2023 to March 2024 by 818,000 jobs...
When it comes to the Fed fund rate it’s no longer a matter of when they will cut but by how much, as the attention turns from inflation to the labor market. In economic news last week the BLS revised the number of jobs added to the economy from March 2023 to March 2024 by 818,000 jobs...
Aug
20
2024
20
2024
Mortgage rate update 08-20-2024
Recession fears cooled last week after some stronger economic data and inflation showed some continued moderation. The week’s news taking some of the urgency from the previous thought that rate cuts needed to be swift and deep. Is there a reason to be in a hurry? That’s what we...
Recession fears cooled last week after some stronger economic data and inflation showed some continued moderation. The week’s news taking some of the urgency from the previous thought that rate cuts needed to be swift and deep. Is there a reason to be in a hurry? That’s what we...
Aug
13
2024
13
2024
Weekly Mortgage Rate Update- 08-13-2024
Rates inched up a little from the lowest rates seen last Monday after recession fears and global concerns relaxed some, but this week there is an opportunity for a rate improvement tomorrow as we turn our attention back to inflation. In economic news last week not much to report but...
Rates inched up a little from the lowest rates seen last Monday after recession fears and global concerns relaxed some, but this week there is an opportunity for a rate improvement tomorrow as we turn our attention back to inflation. In economic news last week not much to report but...
Aug
06
2024
06
2024
Weekly Mortgage Rate Update- 08-06-24
Mortgage rates made a big move lower on the perfect trifecta of the Fed, economic news, and global developments all falling into place. After the FOMC meeting ended Wednesday, the consensus was that Powell left the door open for a September cut as their attention turned to a...
Mortgage rates made a big move lower on the perfect trifecta of the Fed, economic news, and global developments all falling into place. After the FOMC meeting ended Wednesday, the consensus was that Powell left the door open for a September cut as their attention turned to a...
Jul
30
2024
30
2024
Weekly Mortgage Rate Update- 07-30-2024
The much-anticipated PCE inflation reading came and went without much of an impact. It was a tame reading but slightly hotter than the May reading. Headline PCE came in at 0.1% increase for June, May was 0% increase. The Core PCE report is the Fed’s main measure and...
The much-anticipated PCE inflation reading came and went without much of an impact. It was a tame reading but slightly hotter than the May reading. Headline PCE came in at 0.1% increase for June, May was 0% increase. The Core PCE report is the Fed’s main measure and...