November Update – Mortgage Rate Forecast
Welcome to my November newsletter, featuring personal insights, advice on mortgage rates, and economic news affecting our local housing market.
Jobs Report
November is poised to be an even...
Author Archive
Market Analysis Week of 11-04-2024
Turbulent Week for Mortgage Markets
During a week packed with major economic reports, mortgage markets exhibited the anticipated volatility. What was somewhat surprising, though, was that the price movements were almost completely offsetting, ...
Market Analysis Week of 10-28-2024
Strong Economic Data Affect Mortgage Rates
During a light week for economic reports, investors continued to focus on the stronger than expected data released earlier in the month. Since faster economic growth increases the outlook for future i...
Market Analysis Week of 10-21-2024
Mortgage Rates Hold Steady
After moving significantly higher early in the month due to the much stronger than expected labor market report, mortgage rates began to ease a little during the first half of last week. This was quickly reversed las...
Market Analysis Week of 10-14-2024
A Focus on Inflation
The focus last week was on the inflation data, and it was a bit stronger than expected. As a result, mortgage rates ended the week higher.
Core CPI Exceeds Expectations
Each month, the Consumer Price Index (CPI...
Market Analysis Week of 10-07-2024
Strong Jobs Report Pushes Mortgage Rates Higher
The major economic news last week was not favorable for mortgage markets. The key employment report released last Friday exceeded expectations by a wide margin, and comments from the Fed suggeste...
Market Analysis Week of 9-30-2024
Inflation Holds Steady
Last week was a quiet week for mortgage markets. The major inflation data came in very close to the expected levels, and the other economic reports also caused little reaction. Mortgage rates ended last week nearly uncha...
Market Analysis Week of 9-23-2024
Mortgage Market Remains Calm
Given the significant economic news last week, mortgage markets were surprisingly quiet. The rare suspense heading into the Fed meeting produced little reaction after the decision came out. The major economic data ...