Recent Articles
23
2024
Have you heard of the “vibecession”? Consumer sentiment surveys have shown that the public has not optimistic on their financial prospects for a while now, this despite most of the data coming in that shows the economy is still growing. According to TikTok (yes TikTok) this...
16
2024
Very little movement in rates since the December 13th Fed meeting when Powell signaled rate cuts ahead where the markets started pricing in a Fed pivot. Last week inflation news showed CPI (Consumer Price Index) hotter than expected at a month over month increase at 0.3%, but it...
09
2024
I took last week off to work on my 2024 interest rate predictions. After all the research I can say with certainty that rates will go up, go down, or stay the same. (OK, I stole this from mortgage commentator Rob Chrisman actually) For more predictions, here is the Fannie Mae...
26
2023
Mortgage rates remain unchanged from last week as we coast into the new year. The only notable news last week was Friday’s PCE (Personal Consumption Expenditures) This is the report that the Fed uses to determine the rate of inflation. The other inflation reports are just...
19
2023
Well guys, Christmas came early this year. Mortgage rates improved significantly last week after the Fed signaled a change in the rate outlook for 2024. Pricing is back to levels last seen in June 2023. The dot plot chart we mentioned in last week’s update showed 3 rate...