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Recent Articles

Jun
18
2024
Weekly Mortgage Rate Update-06-18-2024
According to CPI released last week inflation was mostly flat in May.   The headline number didn’t increase at all coming in at 0.0% vs 0.1% expected and core CPI increased 0.2% while expected at 0.3%.  Core year over year is 3.4%. It’s what we wanted to see. Rates...
Jun
11
2024
Weekly Mortgage Rate Update- 06-11-24
272,000 jobs were added to the economy for May according to the nonfarm payrolls report. That’s almost 100k more jobs than anticipated.   Important for the inflation outlook, the average hourly wages also rose higher than expected.  However, the unemployment...
Jun
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%...
May
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...
May
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...
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