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This past week interest rates ticked higher in response to a surprise rate hike from above our Northern border. Let's discuss what happened and talk about the big week ahead. Oh Canada As the saying goes, "Where there's smoke there's fire". A big news story this past week was the Canadian wildfires raging and sending […]

This past week interest rates moved lower on optimism the debt ceiling will be lifted and on surprisingly low inflation out of Europe. Let’s discuss what happened and investigate the week ahead. Debt Ceiling Fix Coming  As of this writing, the House of Representatives passed a bill to suspend the U.S. debt limit through the […]

Memorial Day was declared a federal holiday in 1971 and commemorated on the last Monday in May. Enjoy the unofficial kick-off of Summer and remember those who perished serving our country. Debt Ceiling Debate Failure to reach a deal..."Would be a negative signal of the broader governance and willingness of the U.S. to honor its […]

This past week interest rates ticked higher in response to the still unresolved debt ceiling debate. Let's look at what happened last week and discuss events to watch for this week. Debt Ceiling Fallout As of this writing, there has been no resolution to the debt ceiling debate, where Congress and the White House agree […]

This past week, mortgage rates held near the best levels of the last several months in response to the lowest inflation reading in two years. Let's discuss what happened and have a look at this week. Inflation Moving Lower The Consumer Price Index (CPI) for April, a closely watched reading on consumer inflation, was reported […]

This past week the Federal Reserve raised rates for the 10th time in a little over a year. Let's discuss what happened and see what this week has in store for us. The Last Hike? As we expected, the Federal Reserve raised the Fed Funds Rate to a range of 5.00% - 5.25%. Remember, this […]

Home loan rates continue to stabilize ahead of this week's Fed Meeting. Let's discuss what happened last week as we await yet another Fed rate hike Wednesday. New Home Sales Soared In March Housing continues to show some positive signs lately, thanks to the decline in mortgage rates. This week, New Home Sales for March […]

Home loan rates have ticked higher week to week but some bad economic news halted the rise. Let's discuss what happened and look ahead into next week. Positive Bank Earnings Impact The rise in home loan rates over the last couple of weeks has mainly been in response to good news from the banking sector. […]

Last week home loan rates remained steady and near their best levels in six months. Let's discuss what happened and the technical factors that are limiting further rate improvement. Consumer Prices are Coming Down Consumer Prices fell in March, supporting the notion that inflation remains in a downward trend. The headline Consumer Price Index (CPI), […]

Last Week in Review: Dark Clouds Helping Rates Home loan rates reached their best levels in two months on the heels of not-so-good news. Let's get into what happened and look into the week ahead. Bad News is Good News for Rates The JOLTS (Job Openings and Labor Turnover Survey) report, a leading indicator on […]