Recent Articles
Sep
10
2024
10
2024
Weekly Mortgage Rate Update-09-10-24
The August employment data confirmed concerns that the job market is in decline. This helped mortgage rates inch lower last week. Starting with JOLTS (Job Openings and Labor Turnover Survey) that showed a continued decline in job openings, dropping another 6% in August. ADP Payrolls...
The August employment data confirmed concerns that the job market is in decline. This helped mortgage rates inch lower last week. Starting with JOLTS (Job Openings and Labor Turnover Survey) that showed a continued decline in job openings, dropping another 6% in August. ADP Payrolls...
Sep
03
2024
03
2024
Weekly Mortgage Rate Update- 09-03-2024
Mortgage rates continuing to trend sideways unable to make a move lower, this week could change that. This week is all about the jobs data -The first week of every month we get the job numbers culminating in the Friday release of the BLS unemployment rate and job...
Mortgage rates continuing to trend sideways unable to make a move lower, this week could change that. This week is all about the jobs data -The first week of every month we get the job numbers culminating in the Friday release of the BLS unemployment rate and job...
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...