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This week saw an increase in mortgage applications; national house price growth slowed for the sixth consecutive month; foreclosure filings decreased in Q1; home prices show signs of slowing down; the market remains in a holding pattern and builder confidence has fallen slightly. June New Home Purchase Mortgage Applications Increased 0.7 Percent Mortgage Bankers Association - […]

This week saw a decrease in mortgage applications; homebuyer sentiment is on the rise; homeownership became less affordable in Q2; the number of homes actively for sale was notably higher compared with last year; and housing inflation remains stubbornly high.   Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage Bankers Association - 7/10/2024 Mortgage applications […]

This past week interest rates moved lower, approaching levels last seen in March. Let's discuss why and look into the week ahead. One or Two? At the recent Fed meeting, the big surprise was Fed Chair Powell suggesting there would no longer be a rate cut in 2024, two less than previous forecasts just three […]

This past week the Federal Reserve decided not to cut rates and shared their updated forecast on the economy. Let's discuss what was said and what's ahead for the upcoming week. Higher for Longer Continues The Federal Reserve met last Wednesday and once again decided to make no change to interest rates. The markets widely […]

Interest rates dropped to the lowest levels in the last two months. Let's discuss why and what's next. Economic Deceleration In the past couple of weeks, there have been many economic readings revealing that the economy is slowing. Our gross domestic product (GDP) for the first quarter was revised lower to 1.3%. Coming on the […]

This past week interest rates moved sharply higher in response to a host of unfriendly bond news. Let's discuss what happened and what to watch for in the weeks ahead. We Need More Revenue This past week was shortened due to the Memorial Day holiday, but it was filled with tall problems which caused rates […]

This past week interest rates inched up as "higher for longer" signs around the globe emerged. Before we get into the news, let's take a moment to reflect on this Memorial Day holiday and its significance. Originally called Decoration Day, Memorial Day was first observed after the Civil War and is in remembrance of those […]

This past week interest rates have reached the lowest levels in over a month. Let's discuss what happened and what news to watch next week. Ahhhh Last Wednesday, the highly anticipated Consumer Price Index was released. Back on April 10th, the previous CPI reading was reported hotter than expected and pushed interest rates to the […]

This past week, interest rates held steady or moved sideways after the nice decline we experienced a couple of weeks ago. Let's discuss what happened and look at the news items in the week ahead. Fed Speakers Toeing the Line "Eventually we'll have rate cuts, but for now monetary policy is in a very good […]

This past week interest rates ticked up to the highest level since November on continued inflation fears. Let's discuss what happened and look at the important news in the week ahead. Lack of Confidence Federal Reserve Chairman Jerome Powell shared this on Tuesday: "We've said at the FOMC that we'll need greater confidence that inflation […]