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Recent Articles

Dec
05
2023
Weekly Mortgage Rate Update- 12-5-23
Last week mortgage rates improved after Core PCE showed slowing inflation, as expected. Inflation has been trending the right direction in recent months.  As a result, rates have been steadily improving over the past 5 weeks.   The Fed seems to be done raising rates, at least...
Nov
28
2023
Weekly Mortgage Rate Update- 11-28-23
Mortgage rates held steady over the holidays.  This week is starting off with rates improving slightly.    We are now back at mortgage pricing from the 1st week of September.  The outlook has certainly pivoted on mortgage rates.  From what I can tell at this...
Nov
15
2023
Weekly Mortgage Rate Update- 11-14-2023
Mortgage rates are improving this morning after the CPI inflation report came in lower than expectations.  The path seems to be set for lower rates ahead. CPI came in at 0.0 monthly increase. We finally have a month where inflation did not increase. Core CPI, which excludes food and...
Nov
06
2023
Weekly Mortgage Rate Update-11-6-23
PIVOT! One of the best scenes from the TV show Friends was Ross directing the gang to move a couch up a tiny stairwell. Its probably too soon to call for the real pivot on the direction of rates- but we had a MAJOR improvement of about .50% last week, so I couldn’t help using the analogy. RIP...
Oct
31
2023
Weekly Mortgage Rate Update- 10-31-2023
Rates ended last week slightly better than the start, as geopolitical tensions offset positive economic news.   GDP 3rd quarter posted its strongest reading since 4th quarter 2021 at a surprise to the upside of 4.9%.  The recession is nowhere in sight based on the recent data...
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