Recent Articles
Feb
13
2024
13
2024
Weekly Mortgage Rate Update- 02-13-24
This is one of those days where I don’t want to send out the weekly rate update. This morning, CPI (Consumer Price Index) surprised to the upside with higher inflation. +0.3% month over month, giving us a 3.1% year over year average. When removing food and energy core...
This is one of those days where I don’t want to send out the weekly rate update. This morning, CPI (Consumer Price Index) surprised to the upside with higher inflation. +0.3% month over month, giving us a 3.1% year over year average. When removing food and energy core...
Feb
06
2024
06
2024
Weekly Mortgage Rate Update- 02-06-2024
Rates have been on the move and it’s been a bumpy ride . Thursday had the best rates of the week, a half point lower than what I quoted yesterday. And this morning a slight improvement in rates from Friday/Monday’s sell off, but still overall rates are higher now...
Rates have been on the move and it’s been a bumpy ride . Thursday had the best rates of the week, a half point lower than what I quoted yesterday. And this morning a slight improvement in rates from Friday/Monday’s sell off, but still overall rates are higher now...
Jan
30
2024
30
2024
Weekly Mortgage Rate Update 01/30/2024
Mortgage rates are holding steady ahead of the Fed tomorrow. Rates had very little reaction to the economic data with pricing slightly better overall than last week. We are back to our same trendline we have been in since the last Fed meeting on December 13th . Fourth...
Mortgage rates are holding steady ahead of the Fed tomorrow. Rates had very little reaction to the economic data with pricing slightly better overall than last week. We are back to our same trendline we have been in since the last Fed meeting on December 13th . Fourth...
Jan
23
2024
23
2024
Weekly Mortgage Rate Update-1-23-24
Have you heard of the “vibecession”? Consumer sentiment surveys have shown that the public has not optimistic on their financial prospects for a while now, this despite most of the data coming in that shows the economy is still growing. According to TikTok (yes TikTok) this...
Have you heard of the “vibecession”? Consumer sentiment surveys have shown that the public has not optimistic on their financial prospects for a while now, this despite most of the data coming in that shows the economy is still growing. According to TikTok (yes TikTok) this...
Jan
16
2024
16
2024
Weekly Mortgage Rate Update 1/16/24
Very little movement in rates since the December 13th Fed meeting when Powell signaled rate cuts ahead where the markets started pricing in a Fed pivot. Last week inflation news showed CPI (Consumer Price Index) hotter than expected at a month over month increase at 0.3%, but it...
Very little movement in rates since the December 13th Fed meeting when Powell signaled rate cuts ahead where the markets started pricing in a Fed pivot. Last week inflation news showed CPI (Consumer Price Index) hotter than expected at a month over month increase at 0.3%, but it...