Recent Articles
Mar
26
2024
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...
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...
Mar
19
2024
19
2024
Weekly Mortgage Rate Update- 03-19-24
Last week rates rose, putting us back at the top end of our recent rate trends. The silver lining is we have a lot of support at the current pricing, helping rates hold here and not move up more. The increase started with CPI (Consumer Price Index) showing a higher than expected monthly...
Last week rates rose, putting us back at the top end of our recent rate trends. The silver lining is we have a lot of support at the current pricing, helping rates hold here and not move up more. The increase started with CPI (Consumer Price Index) showing a higher than expected monthly...
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...