Weekend Watch Archive
Current Insight to Help Make the Most of Your Weekend.
Fed Funds Rate: “Dot Plot Mania”
· 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 Hidden Benefits of Higher Rates
· Mortgage Rates1 – This past week was “jobs” week, where we receive several economic reports measuring employment and job openings. We started with the JOLTS report, showing job openings...
Standard Conforming Loan Limits Increased to $766,550 for 2024!
· Mortgage Rates1 – We had a few economic reports this week, as well as the Case Schiller Home Price Index. Starting with home prices, we saw an increase of 0.7% in September, and are now...
Nothing Like a Surprise Gift for the Holidays!
· 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...
Win for Borrowers: Appraisal Credit with a 1-Yr Temporary Buydown
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...
Accessing Home Equity: Buy Before You Sell Programs
· 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...
New Conforming Loan Limits Are In Effect
· 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...
Contemplating a Co-Signer
· 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...
Success Stories – Making a Difference
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...