· Mortgage Rates1 – This week was “inflation week” with both PPI and CPI reports being released, but the conflict in Israel overshadowed the market. Rates improved on Tuesday and then held steady on Wednesday with the release of the September Producer Price...
· Mortgage Rates1 – Well it has been another “fun” week in mortgage land as the market absorbed the various labor reports that were released. We kicked off the week on Tuesday with the August JOLTS report, which showed job openings increasing from 8.92M to...
· 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...
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