Recent Articles
Jun
04
2024
04
2024
Weekly Mortgage Rate Update- 6-4-24
The Fed’s key inflation measure PCE, was released last week and came in mostly in line with expectations showing inflation continuing to increase at the same pace as March. Core PCE did show a slightly slower pace of 0.2% increase from a 0.3% in March. Core PCE is still at 2.8%...
The Fed’s key inflation measure PCE, was released last week and came in mostly in line with expectations showing inflation continuing to increase at the same pace as March. Core PCE did show a slightly slower pace of 0.2% increase from a 0.3% in March. Core PCE is still at 2.8%...
May
28
2024
28
2024
Weekly Mortgage Rate Update-05-28-2024
It was a slow news week in the rate world. The most interesting item was the release of the minutes from the last Fed meeting. They revealed that members were willing to consider further rate HIKES if progress on inflation doesn’t happen. This caught markets by surprise since...
It was a slow news week in the rate world. The most interesting item was the release of the minutes from the last Fed meeting. They revealed that members were willing to consider further rate HIKES if progress on inflation doesn’t happen. This caught markets by surprise since...
May
21
2024
21
2024
Weekly Mortgage Rate Update-05-21-24
April’s CPI report showed that the inflation rate eased. The report was mostly in line with expectations, but the headline number was slightly lower at 0.3% monthly increase when 0.4% increase expected making the year/year rate 3.6% down from 3.8% in March. Retail sales...
April’s CPI report showed that the inflation rate eased. The report was mostly in line with expectations, but the headline number was slightly lower at 0.3% monthly increase when 0.4% increase expected making the year/year rate 3.6% down from 3.8% in March. Retail sales...
May
14
2024
14
2024
Weekly Mortgage Rate Update- 05-15-2024
Without any major economic reports last week, the rate markets have been quietly digesting the recent slowing in the job market and last week’s uptick in unemployment claims. No alarm bells ringing just yet, but if you squint really hard you can see it coming over the horizon....
Without any major economic reports last week, the rate markets have been quietly digesting the recent slowing in the job market and last week’s uptick in unemployment claims. No alarm bells ringing just yet, but if you squint really hard you can see it coming over the horizon....
May
07
2024
07
2024
Weekly Mortgage Rate Update-05/07/2024
The Fed ended its May meeting last week with no changes to the rate policy or outlook, still in wait and see mode. However, they announced a change to the quantitative tightening schedule starting on June 1st. Instead of 60 billion a month in Treasuries rolling off their balance...
The Fed ended its May meeting last week with no changes to the rate policy or outlook, still in wait and see mode. However, they announced a change to the quantitative tightening schedule starting on June 1st. Instead of 60 billion a month in Treasuries rolling off their balance...