Recent Articles
Sep
19
2023
19
2023
Weekly Mortgage Rate Update- 9-19-2023
Mortgage rates moved up again last week as the outlook gets a little bleaker on rising inflation and as a soft landing seems a little less likely. Nick Timiraos, who is commonly referred to as the Fed’s mouthpiece- wrote this week in the Wall Street Journal-...
Mortgage rates moved up again last week as the outlook gets a little bleaker on rising inflation and as a soft landing seems a little less likely. Nick Timiraos, who is commonly referred to as the Fed’s mouthpiece- wrote this week in the Wall Street Journal-...
Sep
12
2023
12
2023
Weekly Mortgage Rate Update-09-12-2023
Mortgage rates ticked up slightly last week after the ISM Services report shot higher than expectations, pointing to a stronger economic outlook. This report is key, while manufacturing has been on the decline, the services sector ( 2/3 of our economy) has held strong. There was a...
Mortgage rates ticked up slightly last week after the ISM Services report shot higher than expectations, pointing to a stronger economic outlook. This report is key, while manufacturing has been on the decline, the services sector ( 2/3 of our economy) has held strong. There was a...
Sep
05
2023
05
2023
Weekly Mortgage Rate Update-09-05-2023
Mortgage rates improved last week after several data points showed a slowing economy. One of the most notable reports was personal income and spending that showed spending rising much higher than the pace of wages. We see this playing out also in the growth of credit card debt and...
Mortgage rates improved last week after several data points showed a slowing economy. One of the most notable reports was personal income and spending that showed spending rising much higher than the pace of wages. We see this playing out also in the growth of credit card debt and...
Aug
29
2023
29
2023
Weekly Mortgage Rate Update- 8-29-23
We start today out with an improvement in mortgage rates after weaker economic news reports hit. This morning JOLTS (Job Openings and Labor Turnover) showed a reduction in job openings. While still a very strong reading, the market was expecting openings at 9.465 Million and came...
We start today out with an improvement in mortgage rates after weaker economic news reports hit. This morning JOLTS (Job Openings and Labor Turnover) showed a reduction in job openings. While still a very strong reading, the market was expecting openings at 9.465 Million and came...
Aug
22
2023
22
2023
Weekly Mortgage Rate Update- 8-22-23
I peeked at the headlines while I was on vacation. I was reluctant to come back since rates have move up steadily over the past few weeks. Now firmly entrenched in the 7’s. Just in the span of 31 months, we have gone from the lowest mortgage rates in history to the highest in 22 years. The...
I peeked at the headlines while I was on vacation. I was reluctant to come back since rates have move up steadily over the past few weeks. Now firmly entrenched in the 7’s. Just in the span of 31 months, we have gone from the lowest mortgage rates in history to the highest in 22 years. The...