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This past week home loan rates remain elevated despite consumer inflation being reported slightly lower than expected. Let's discuss what happened and look at the week ahead. Inflation Hits 3.2% Last Thursday, the Bureau of Labor Statistics reported the Consumer Price Index (CPI) for July at 3.2% year-over-year which was slightly lower than the 3.3% […]

This past week home loan rates ticked higher in a week filled with some negative surprises. Let's discuss what happened and look at the week ahead. Another $1T Please Earlier in the week, the Treasury Department surprised the financial markets when they stated they need $1T to fund the government from August to October. The […]

Last week in Review: Fed Hikes Rates, Home Loan Rates Remain Steady This past week home loan rates were unchanged, despite the Fed raising rates to the highest levels in 22 years. Let's discuss what happened and look at the week ahead. Another Rate Hike On Wednesday, the Federal Reserve raised the Fed Funds Rate […]

Last week in Review:  The Calm Before Storm? This past week interest rates were essentially unchanged from the previous week, and it was a relatively "quiet" week. Let's discuss what happened and look at the week ahead. The Blackout Period As we approach the next Federal Reserve meeting, there is a blackout period, where no […]

Last week in Review: Markets Pleased As Inflation Eased Last week interest rates improved significantly as the markets responded to the softest inflation reading in over two years. Let's discuss what happened and look at the week ahead. Consumer Prices Are Falling The Consumer Price Index (CPI) for June was reported on Wednesday and showed […]

25 BPS in Price on Purchase Loans Ideal for borrowers in eligible rural areas as defined by the USDA. Highlights include: Best-in-class customer service Minimum 550 FICO No reserve requirements 100% financing on appraised home value for qualified borrowers Manufactured homes may be eligible If you have any questions or would like to discuss this […]

Last week in Review: Good Economic News is Bad News for Rates Last week, interest rates spiked on good economic news as fears of a recession fade. Let's discuss the big news of the week and gear up for important events in the week ahead. The June Fed Meeting Minutes Out "Some participants indicated they […]

Interest rates continued their sideways trend as we close the first half of 2023. Let's discuss what happened last week and look into the future. The European Central Bank forum was the main event this week. Central bankers from across the globe, including our Fed Chair, Jerome Powell spoke about the state of their countries […]

Last week, interest rates held near the best levels in a month as Fed Chair Powell testified on Capitol Hill. Let's discuss the big news last week and gear up for important events in the week ahead. Powell on the Hill "Given how far we've come, it may make sense to move rates higher but […]

Last week the Federal Reserve decided to pause their string of rate hikes for the first time in 15 months, yet long term rates moved higher. Let's discuss what happened and look at the events to watch for this week. Higher For Longer Still On Wednesday, the Federal Reserve made a decision to not hike […]