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Recent Articles

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...
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...
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