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Recent Articles

Jan
16
2024
Weekly Mortgage Rate Update 1/16/24
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...
Jan
09
2024
Weekly Mortgage Rate Update- 1-9-24
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...
Dec
26
2023
Weekly Mortgage Rate Update- 12-26-23
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...
Dec
19
2023
Mortgage rate update 12-19-23
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...
Dec
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...
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