Recent Articles
Dec
12
2023
12
2023
Weekly Mortgage Rate Update- 12-12-23
Mortgage rates took a pause after several weeks of improvements, we ended the week at about the same pricing overall. The key event last week was on Friday with non-farm payroll numbers showing 199k jobs added in November. This was higher than the forecasts, and higher than...
Mortgage rates took a pause after several weeks of improvements, we ended the week at about the same pricing overall. The key event last week was on Friday with non-farm payroll numbers showing 199k jobs added in November. This was higher than the forecasts, and higher than...
Dec
05
2023
05
2023
Weekly Mortgage Rate Update- 12-5-23
Last week mortgage rates improved after Core PCE showed slowing inflation, as expected. Inflation has been trending the right direction in recent months. As a result, rates have been steadily improving over the past 5 weeks. The Fed seems to be done raising rates, at least...
Last week mortgage rates improved after Core PCE showed slowing inflation, as expected. Inflation has been trending the right direction in recent months. As a result, rates have been steadily improving over the past 5 weeks. The Fed seems to be done raising rates, at least...
Nov
28
2023
28
2023
Weekly Mortgage Rate Update- 11-28-23
Mortgage rates held steady over the holidays. This week is starting off with rates improving slightly. We are now back at mortgage pricing from the 1st week of September. The outlook has certainly pivoted on mortgage rates. From what I can tell at this...
Mortgage rates held steady over the holidays. This week is starting off with rates improving slightly. We are now back at mortgage pricing from the 1st week of September. The outlook has certainly pivoted on mortgage rates. From what I can tell at this...
Nov
15
2023
15
2023
Weekly Mortgage Rate Update- 11-14-2023
Mortgage rates are improving this morning after the CPI inflation report came in lower than expectations. The path seems to be set for lower rates ahead. CPI came in at 0.0 monthly increase. We finally have a month where inflation did not increase. Core CPI, which excludes food and...
Mortgage rates are improving this morning after the CPI inflation report came in lower than expectations. The path seems to be set for lower rates ahead. CPI came in at 0.0 monthly increase. We finally have a month where inflation did not increase. Core CPI, which excludes food and...
Nov
06
2023
06
2023
Weekly Mortgage Rate Update-11-6-23
PIVOT! One of the best scenes from the TV show Friends was Ross directing the gang to move a couch up a tiny stairwell. Its probably too soon to call for the real pivot on the direction of rates- but we had a MAJOR improvement of about .50% last week, so I couldn’t help using the analogy. RIP...
PIVOT! One of the best scenes from the TV show Friends was Ross directing the gang to move a couch up a tiny stairwell. Its probably too soon to call for the real pivot on the direction of rates- but we had a MAJOR improvement of about .50% last week, so I couldn’t help using the analogy. RIP...