by corporateadmin | Aug 25, 2023 | Weekend Watch
Mortgage Rates1 – While rates ended in the same place they started, with the benchmark rate at 7.250% (APR 7.327%), it was not a smooth ride. Rates trended higher until the revised BLS numbers were released on Thursday showing job gains had been overstated over the...
by corporateadmin | Aug 24, 2023 | Monthly Morsel
Summer should get a speeding ticket! It feels like in a blink of an eye we are seeing back to school supplies at the grocery store and the end of summer is looming on the calendar. Luckily, we live in beautiful Colorado and those gorgeous late summer days offer plenty...
by corporateadmin | Aug 18, 2023 | Weekend Watch
Mortgage Rates1 – Unfortunately we lost ground this week and our benchmark rate climbed to 7.250% (APR 7.342%). There was not a lot of economic news to drive rates up; however, the few reports we did receive were not positive for mortgage rates. Retail sales in...
by corporateadmin | Aug 11, 2023 | Weekend Watch
Mortgage Rates1 – We had a bit of rate relief this week and our benchmark rate dropped back into the sixes and is now at 6.999% (APR 7.082%). The primary market mover was last week’s BLS jobs report which came in weaker than estimates, signaling a bit of a softening...
by corporateadmin | Aug 4, 2023 | Weekend Watch
Mortgage Rates1 – Rates ticked up again this week and our benchmark rate is up slightly from last week at 7.250% (APR 7.347%). It was another BLS jobs week (which hit expectations), and the ADP employment report for July came in much higher than expected at 324,000...
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