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Welcome to my August newsletter featuring personal insights, advice on mortgage rates, and economic news affecting our local housing market.
Interest Rates
Benchmark Rates
A higher-than-expected jo...
Global Economic Growth Slowing
Increasing concern that the pace of global economic growth may be slowing was favorable for mortgage markets last week. The major economic reports and Fed minutes caused little reaction. As a result, mortgage rat...
Rates Ended Last Week Even Higher
With a wide range of major economic news, it was an extremely volatile week. The actions by the Fed were in line with investor expectations and the Employment report came in very close to the consensus forecas...
Inflation concerns remained the primary focus for investors last week. The latest readings revealed additional increases, and mortgage rates rose to the highest levels since late 2018.
Inflation Hits Another High
The Consumer Price Index (CPI...
It was a packed week last week for economic news, highlighted by key labor market data and a Fed meeting. When the dust settled, mortgage rates ended the week a little lower.
Employment Report Exceeds Expectations
The closely watched Employme...
It is hard to digest the first day of fall is just a few weeks away, and while the real estate market is showing some signs of cooling, the weather in L.A. certainly isn't.
In this monthly message, I like to share what I'm personally e...
Key economic reports released this last week were a bit stronger than expected overall. However, bond investors appear to have been pleased that the data did not reveal any huge upside surprises, and mortgage rates ended the week a little lower...
