Home appreciation year over year

I wanted to take a break from the typical mortgage rate breakdown to show you a chart that really stuck out to me today. The chart shows U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price […]

Jobs report to the rescue

Last report I mentioned that the only hope for lower interest rates is a weaking labor market. On Friday we got the results we were looking for. It wasn’t a bad number by any means, there were 175,000 jobs created which was much lower than the expected 240,000. The unemployment rate ticked up to 3.9% […]

Rate expectations

Going into this year the market was expecting about 6 rate cuts and the Fed was predicting 3 cuts. After almost four months where are we? The Fed is still expecting 3 cuts while the market is around 2 cuts and some are even whispering about no cuts at all. A lot can change after […]

A belated look back 2023

I must confess, I am about a month and half late on sending out my 2023 year end report. If I was someone with lesser integrity I would blame this delay on my newborn but, of course, I would never do such a thing! Anyway I hope you are able to get some nuggets out […]

Big job numbers for January help stop the rate rally

Heading into this year the big question was, and still is, just how many times will the Fed cut interest rates? The market was anticipating six cuts which is why we saw rates drop like a rock from 8% to the mid 6’s. However If you’ve been reading my market updates for a while you […]