Recent Articles
Apr
09
2024
09
2024
Weekly Mortgage Rate Update- 04-09-2024
“Are we there yet?” Sometimes I think we are kids in the car with mom and dad on a long road trip, where time creeps by and it seems like we will never get to the destination. In this case the driver is not mom and dad but inflation (or maybe Powell). The...
“Are we there yet?” Sometimes I think we are kids in the car with mom and dad on a long road trip, where time creeps by and it seems like we will never get to the destination. In this case the driver is not mom and dad but inflation (or maybe Powell). The...
Apr
02
2024
02
2024
Weekly Mortgage Rate Update- 04/02/2024
What do you get when you have inflation above target and strong economic indicators? Not lower interest rates unfortunately. PCE was the main event last week. It showed inflation increased for the month of February at a pace of 0.3%, but this is less than the increase for the...
What do you get when you have inflation above target and strong economic indicators? Not lower interest rates unfortunately. PCE was the main event last week. It showed inflation increased for the month of February at a pace of 0.3%, but this is less than the increase for the...
Mar
26
2024
26
2024
Weekly Mortgage Rate Update- 03-26-24
The Fed fund rate is the price of money. It sets the base cost of borrowing on all things, which is why it is one of the factors we focus on in the mortgage rate outlook. The recent uptick of inflation was the reason mortgage rates increased in recent weeks. As the market had started...
The Fed fund rate is the price of money. It sets the base cost of borrowing on all things, which is why it is one of the factors we focus on in the mortgage rate outlook. The recent uptick of inflation was the reason mortgage rates increased in recent weeks. As the market had started...
Mar
19
2024
19
2024
Weekly Mortgage Rate Update- 03-19-24
Last week rates rose, putting us back at the top end of our recent rate trends. The silver lining is we have a lot of support at the current pricing, helping rates hold here and not move up more. The increase started with CPI (Consumer Price Index) showing a higher than expected monthly...
Last week rates rose, putting us back at the top end of our recent rate trends. The silver lining is we have a lot of support at the current pricing, helping rates hold here and not move up more. The increase started with CPI (Consumer Price Index) showing a higher than expected monthly...
Mar
12
2024
12
2024
Weekly Mortgage Rate Update-03-12-2024
The CPI report released this morning came in a little higher than expectations with Core CPI at 3.8%, increasing by 0.4% for the month of February. This is the same report last month that triggered markets and caused mortgage rates to rise when it surprised to the upside. ...
The CPI report released this morning came in a little higher than expectations with Core CPI at 3.8%, increasing by 0.4% for the month of February. This is the same report last month that triggered markets and caused mortgage rates to rise when it surprised to the upside. ...