· Mortgage Rates1 – The release of the Consumer Price Index was the focal point of economic data this past week. While the headline number came in slightly above expectations, the CORE CPI Rate (which is the Fed’s primary focus) came in line with expectations...
· Mortgage Rates1 – Another holiday shortened week, but this one had a whole lot of jobs reports for the market to dig its teeth into. ADP and BLS reports showed a modestly better employment picture with slightly expanding employment, while the JOLTS report...
· Mortgage Rates1 – It was a short week with little economic news being released to impact mortgage rates and our benchmark rate held steady at 6.375% (6.411% APR). Initial Jobless Claims, which measures individuals filing for unemployment benefits for the...
· Mortgage Rates1 – After the excitement of last week, it was a relatively quiet week with our benchmark rate holding at 6.375% (6.414% APR). We did receive the final reading of Q3 GDP which showed that the US grew at a revised annual pace of 4.9%, down from...
· Mortgage Rates1 – It has been a good week for rates! We started off with the November Consumer Price Index (CPI) report that showed year-over-year inflation declining from 3.2% to 3.1%. The Core rate, which strips out food and energy prices, remained at 4%...
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