· Mortgage Rates1 – This week the market was still digesting the release of the Fed’s 3rd Quarter ‘dot plot’, which shows where each FOMC member thinks interest rates will be by the end of the current year, as well as the following year. The 3rd quarter dot...
· Mortgage Rates1 – The week’s most anticipated news was the Federal Reserve’s decision to hold the benchmark rate between 5.25% and 5.50%. It was a broadly anticipated decision given data for employment is beginning to show softening and the core inflation is...
· Mortgage Rates1 – This week we received the August Consumer Price Index (CPI) report that showed overall inflation increased by 0.6%, which was in line with estimates, and year over year CORE CPI (which strips out food and energy prices) decreased to 4.3%,...
· Mortgage Rates1 – Very little economic news was released this week with the focus instead on a parade of fed speakers who have provided their views on recent economic data. Several Fed members have intimated they might be ready to hit ‘pause’ again for...
Mortgage Rates1 – This week was “jobs week” where we receive all the employment related reports highlighting job openings, transfers, hiring and unemployment. The three major reports, JOLTS (Job Openings and Labor Turnover Survey), ADP Employment and BLS jobs report...
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