· Mortgage Rates1 – This past week’s notable news centered around the March CPI report. Consumer Prices rose slightly less than the market expected, which created a brief rally on Wednesday. That news was followed by a strong headline number for Producer...
· Mortgage Rates1 – There was very little economic news this week with initial jobless claims coming in at 231,000 and US Treasury auctions seeing ‘as expected’ demand. Consequently, rates have remained relatively flat and our benchmark rate edged down...
· Mortgage Rates1 – The Fed meeting that concluded on Wednesday was the highlight of a week full of employment data releases. The ADP National Employment Report (Private Payrolls) came in a little stronger than anticipated, but the BLS jobs report was a...
· Mortgage Rates1 – Weaker than expected GDP growth data, together with higher than expected Personal Consumption Expenditures (PCE) data revived concerns about the potential for ‘stagflation’ (stagnant GDP with high inflation… thus, ‘stagflation’). This is...
· Mortgage Rates1 – Looks like the cat is out of the bag. With Fed Chairman Powell’s comments at a policy forum earlier this week saying that he was “no longer confident that inflation is moving toward the Fed’s 2% target,” what had previously been lurking in...
· Mortgage Rates1 – Yikes, who knew that CPI was actually a four-letter word? March inflation data was hotter than expected almost any way you look at it. Higher inflation suggests that the Fed will likely delay any previously anticipated rate cuts, with the...
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