Recent Articles
Sep
24
2024
24
2024
Weekly Mortgage Rate Update- 09-24-24
If I told you mortgage rates rose after the Fed cut their rate .50%, you probably wouldn’t believe me. Yet, here we are. It has been a small move up, but its not what most expected and consumers are confused. The relationship between the Fed funds rate and the mortgage rate...
If I told you mortgage rates rose after the Fed cut their rate .50%, you probably wouldn’t believe me. Yet, here we are. It has been a small move up, but its not what most expected and consumers are confused. The relationship between the Fed funds rate and the mortgage rate...
Sep
18
2024
18
2024
Weekly Mortgage Rate Update- 09-18-2024
I postponed doing this week’s update a day so we could recap the Fed meeting that just ended. This one was significant because it marks the first rate cut since March 2020. It also was a true live meeting with the market torn between a 50 or 25bps cut. The Fed opted...
I postponed doing this week’s update a day so we could recap the Fed meeting that just ended. This one was significant because it marks the first rate cut since March 2020. It also was a true live meeting with the market torn between a 50 or 25bps cut. The Fed opted...
Sep
10
2024
10
2024
Weekly Mortgage Rate Update-09-10-24
The August employment data confirmed concerns that the job market is in decline. This helped mortgage rates inch lower last week. Starting with JOLTS (Job Openings and Labor Turnover Survey) that showed a continued decline in job openings, dropping another 6% in August. ADP Payrolls...
The August employment data confirmed concerns that the job market is in decline. This helped mortgage rates inch lower last week. Starting with JOLTS (Job Openings and Labor Turnover Survey) that showed a continued decline in job openings, dropping another 6% in August. ADP Payrolls...
Sep
03
2024
03
2024
Weekly Mortgage Rate Update- 09-03-2024
Mortgage rates continuing to trend sideways unable to make a move lower, this week could change that. This week is all about the jobs data -The first week of every month we get the job numbers culminating in the Friday release of the BLS unemployment rate and job...
Mortgage rates continuing to trend sideways unable to make a move lower, this week could change that. This week is all about the jobs data -The first week of every month we get the job numbers culminating in the Friday release of the BLS unemployment rate and job...
Aug
27
2024
27
2024
Weekly Mortgage Rate Update- 8-27-2024
When it comes to the Fed fund rate it’s no longer a matter of when they will cut but by how much, as the attention turns from inflation to the labor market. In economic news last week the BLS revised the number of jobs added to the economy from March 2023 to March 2024 by 818,000 jobs...
When it comes to the Fed fund rate it’s no longer a matter of when they will cut but by how much, as the attention turns from inflation to the labor market. In economic news last week the BLS revised the number of jobs added to the economy from March 2023 to March 2024 by 818,000 jobs...