· Mortgage Rates1 – We hope you had a wonderful Thanksgiving holiday and were able to spend quality time with family and friends! The week has been light on economic news, with just the release of the Feds meeting minutes, which was a non-event, and Initial...
Mortgage Rates1 – What a week! It started off on Tuesday with a better thank expected October Consumer Price Index (CPI) report showing overall inflation was flat for the month, which was one tenth lower than estimates of 0.1%. Year over year, inflation declined...
· Mortgage Rates1 – It’s been a fairly quiet week with regards to economic data following last week’s Fed meeting and BLS Jobs Report. The favorable response to the data held up through the beginning part of this past week, but with Fed Chairman Powells’...
· Mortgage Rates1 – At last some good news – It was a fantastic week for rates and our benchmark rate had dipped to 7.500% (7.564% APR). The biggest news was that the Fed met this week and unanimously voted to hold the Federal Funds Benchmark rate, which...
· Mortgage Rates1 – You never know what is going to be the market driver for the week. Lately, a lot of the focus has been on economic reports and the anticipation surrounding whether they come in above or below expectations. But geopolitical / world events...
Mortgage Rates1 – The market mover this week was the Retail Sales report for September, which rose by 0.7% (beating estimates of 0.3%), pushing rates higher yet again and putting our benchmark rate up to 7.875% (APR 7.916%). On the inventory side of the house, new...
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