Recent Articles
Mar
12
2024
12
2024
Weekly Mortgage Rate Update-03-12-2024
The CPI report released this morning came in a little higher than expectations with Core CPI at 3.8%, increasing by 0.4% for the month of February. This is the same report last month that triggered markets and caused mortgage rates to rise when it surprised to the upside. ...
The CPI report released this morning came in a little higher than expectations with Core CPI at 3.8%, increasing by 0.4% for the month of February. This is the same report last month that triggered markets and caused mortgage rates to rise when it surprised to the upside. ...
Mar
05
2024
05
2024
Weekly Mortgage Rate Update- 03-05-2024
Mortgage rates are starting this week off a little better. PCE came in at expectations with the annualized rate of Core PCE coming in at 2.8% which is down a notch from December. However, month over month inflation was up .42% which is 4 times faster than last month’s pace. ...
Mortgage rates are starting this week off a little better. PCE came in at expectations with the annualized rate of Core PCE coming in at 2.8% which is down a notch from December. However, month over month inflation was up .42% which is 4 times faster than last month’s pace. ...
Feb
27
2024
27
2024
Weekly Mortgage Rate Update 02-27-2024
The immediate rate outlook has shifted with rates moving up after CPI showed higher than expected inflation two weeks ago. Last week didn’t have a lot of market moving news, but we did have several Fed members speaking in public with the same message, that they...
The immediate rate outlook has shifted with rates moving up after CPI showed higher than expected inflation two weeks ago. Last week didn’t have a lot of market moving news, but we did have several Fed members speaking in public with the same message, that they...
Feb
13
2024
13
2024
Weekly Mortgage Rate Update- 02-13-24
This is one of those days where I don’t want to send out the weekly rate update. This morning, CPI (Consumer Price Index) surprised to the upside with higher inflation. +0.3% month over month, giving us a 3.1% year over year average. When removing food and energy core...
This is one of those days where I don’t want to send out the weekly rate update. This morning, CPI (Consumer Price Index) surprised to the upside with higher inflation. +0.3% month over month, giving us a 3.1% year over year average. When removing food and energy core...
Feb
06
2024
06
2024
Weekly Mortgage Rate Update- 02-06-2024
Rates have been on the move and it’s been a bumpy ride . Thursday had the best rates of the week, a half point lower than what I quoted yesterday. And this morning a slight improvement in rates from Friday/Monday’s sell off, but still overall rates are higher now...
Rates have been on the move and it’s been a bumpy ride . Thursday had the best rates of the week, a half point lower than what I quoted yesterday. And this morning a slight improvement in rates from Friday/Monday’s sell off, but still overall rates are higher now...