Market Analysis Week of 2-24-2025
Mortgage Rates Remain Roughly Unchanged
With a lack of major economic data, it was a quiet week last week for mortgage markets. As expected, the housing sector revealed weakness in January, mostly in...
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Market Analysis Week of 2-17-2025
Core CPI Rises 3.3% Year-Over-Year in January
The Consumer Price Index (CPI) is one of the most closely watched inflation indicators released each month. To reduce short-term volatility and get a better sense of the underlying inflation trend,...
Market Analysis Week of 2-10-2025
Strong Labor Market Data
The latest labor market data was stronger than expected nearly across the board. Despite the upside surprise, though, mortgage rates ended last week slightly lower.
Unemployment Rate Declined
The key Employme...
February Update – Mortgage Rate Forecast
Welcome to my February newsletter, featuring personal insights, advice on mortgage rates, and economic news affecting our local housing market.
Mortgage Interest Rates
Let’s start with the U.S. bond markets. Mortgage rates move wi...
Market Analysis Week of 2-3-2025
Mortgage Rates Lower
There was plenty of major economic news last week, but few surprises. The Fed meeting had little impact on mortgage markets, and the latest inflation data matched expectations. Mortgage rates ended last week a bit lower.
...
Market Analysis Week of 1-27-2025
Quiet Week
With little major economic data, it was a quiet week last week for mortgage markets, as investors looked ahead to the upcoming Fed meeting. Mortgage rates ended last week nearly unchanged.
Existing Home Sales Rose
In Dec...
Market Analysis Week of 1-20-2025
Mortgage Rates Lower
The major inflation data released last week was lower than expected, which was favorable for mortgage markets. Consumer spending also was a bit weaker than anticipated, and mortgage rates ended last week lower.
In...
Market Analysis Week of 1-13-2025
Mortgage Rates Climb
A wide range of major economic data released last week was stronger than expected, which increased future inflationary pressures. As a result, mortgage rates climbed to their highest levels since April.
Labor Ma...