·         Mortgage Rates1 – It was a relatively quiet week, with the ‘big’ news coming with Friday’s PCE inflation report.  The report came in as expected with both PCE and Core PCE coming in at an...

·         Mortgage Rates1 – Another week of mixed data highlighted by the Congressional Budget Office increasing its forecast for the fiscal 2024 budget deficit from $1.6T to almost $2.0T (that is...

·         Mortgage Rates1 – Despite some up and down economic news early in the week, the FOMC (Federal Open Market Committee) came out strong on Wednesday with generally positive news regarding the...

·         Mortgage Rates1 – It’s the tale of two jobs reports; earlier this week the ADP Private Payrolls Report came in much lower than expected, but the widely watched BLS Jobs Report came in...

·         Mortgage Rates1 – Memorial Day holiday on Monday left us with a short week.  Early in the week we saw rates move against us as global investors failed to gobble up the large amount of US...

·         Mortgage Rates1 – A generally slow news week was punctuated by Fed Governor Christopher Waller, who is a voting member and one of the most influential Fed members.  In comments earlier...

·         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...

·         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...

·         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...