by corporateadmin | Jun 30, 2023 | Weekend Watch
Mortgage Rates1 – We had a relatively stable week until yesterday’s Initial Jobless Claims Report (which measures individuals filing for first-time unemployment benefits), fell 26,000 to 239,000 causing rates to increase to 6.999% (APR 7.044%). While a substantial...
by corporateadmin | Jun 23, 2023 | Weekend Watch
Mortgage Rates1 – Rates moved slightly higher this week and our benchmark rate is now at 6.875% (APR 6.948%) on the heels of Fed Chair Jerome Powell’s semi-annual testimony to the Financial Services Committee in the House of Representatives and the US Congress. He...
by corporateadmin | Jun 20, 2023 | Monthly Morsel
Can you believe we are nearly halfway through 2023! After a longer than usual absence, summer has finally made an appearance, just in time for the summer solstice. What will you do with that extra 5 hours and 38 minutes of daylight? Well, the long summer days are easy...
by corporateadmin | Jun 16, 2023 | Weekend Watch
Mortgage Rates1 – While we ended the week slightly better than where we started, and our benchmark rate is now at 6.75% (APR 6.828%) it was not a flat road. The headline inflation number in the May CPI report showed a year-over-year declined from 4.9% to 4.0% (which...
by corporateadmin | Jun 9, 2023 | Weekend Watch
Mortgage Rates1 – Unfortunately we lost some ground this week and our benchmark rate slid back up to 6.875% (APR 6.955%). This week’s drivers came from decisions beyond our borders when Saudi Arabi, the world’s top oil exporter, announced that it would be voluntarily...
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