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Recent Articles

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...
Apr
09
2024
Weekly Mortgage Rate Update- 04-09-2024
  “Are we there yet?” Sometimes I think we are kids in the car with mom and dad on a long road trip, where time creeps by and it seems like we will never get to the destination.   In this case the driver is not mom and dad but inflation (or maybe Powell).  The...
Apr
02
2024
Weekly Mortgage Rate Update- 04/02/2024
What do you get when you have inflation above target and strong economic indicators?  Not lower interest rates unfortunately. PCE was the main event last week.  It showed inflation increased for the month of February at a pace of 0.3%, but this is less than the increase for the...
Mar
26
2024
Weekly Mortgage Rate Update- 03-26-24
The Fed fund rate is the price of money.  It sets the base cost of borrowing on all things, which is why it is one of the factors we focus on in the mortgage rate outlook.  The recent uptick of inflation was the reason mortgage rates increased in recent weeks. As the market had started...
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