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Recent Articles

May
14
2024
Weekly Mortgage Rate Update- 05-15-2024
Without any major economic reports last week, the rate markets have been quietly digesting the recent slowing in the job market and last week’s uptick in unemployment claims.  No alarm bells ringing just yet, but if you squint really hard you can see it coming over the horizon....
May
07
2024
Weekly Mortgage Rate Update-05/07/2024
The Fed ended its May meeting last week with no changes to the rate policy or outlook, still in wait and see mode.  However, they announced a change to the quantitative tightening schedule starting on June 1st. Instead of 60 billion a month in Treasuries rolling off their balance...
Apr
30
2024
Weekly Mortgage Rate Update- 04-30-2024
The word being used to describe inflation is- sticky. First quarter GDP showed the economy slowed from 3.4% in the 4th quarter to 1.6% this quarter.  That’s a big miss from the 2.5% growth expected, but it is still growth albeit much slower.  Normally rates would have improved...
Apr
23
2024
Weekly Mortgage Rate Update- 04/23/24
No pull back in the recent rate spike after the Fed dials back rate cut expectations once again, with the most optimistic now hoping for a cut in the Fall. Fed Chair Jay Powell said after the CPI release, "The recent data have clearly not given us greater confidence and instead indicate that...
Apr
16
2024
Weekly Mortgage Rate Update- 4-16-24
The March CPI report released last week was expected to show inflation moderating, instead it came in higher than expected with inflation increasing 0.4% from February, with core CPI now at 3.8%.  After 3 months of higher inflation data, it’s safe to say this is now a trend...
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