Recent Articles
Oct
22
2024
22
2024
Weekly Mortgage Rate Update-10-22-2024
The rise in rates over the past three weeks has been steady and just when we thought/hoped rates had peaked, they made another run higher on Monday. It’s a bit unclear why rates rose so much on Monday. There were no major economic releases or events. Usually, we have a pretty good...
The rise in rates over the past three weeks has been steady and just when we thought/hoped rates had peaked, they made another run higher on Monday. It’s a bit unclear why rates rose so much on Monday. There were no major economic releases or events. Usually, we have a pretty good...
Oct
15
2024
15
2024
Weekly Mortgage Rate Update- 10-15-2024
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...
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...
Oct
08
2024
08
2024
Weekly Mortgage Rate Update- 10-08-2024
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...
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...
Oct
01
2024
01
2024
Weekly Mortgage Rate Update-10-01-2024
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...
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...
Sep
24
2024
24
2024
Weekly Mortgage Rate Update- 09-24-24
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...
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...