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 […]

A Look to 2024

You didn’t think rates would just drop in a straight line did you? What would be the fun in that! In all seriousness I don’t put to much stock in this recent move higher. When rates drop off a cliff it’s not unusual for there to be a small rebound. Plus it’s the beginning of […]

Is this the “soft landing” we’ve been hearing about?.

I bet you’ve never been so excited to see interest rates in the 6% range huh? So what was the catalyst to cause rates to drop so quickly? It all comes down to the usual suspects. Inflation and the job report for November were both below expectations. That’s not to say that inflation is at […]

New Guideline For Multi-unit Properties

Welp after a nice recovery to end the last week we are headed in the wrong direction to close out this week. Last week the Fed opted not to raise interest rates again. The good news is that now the discussion has shifted towards when the Fed is planning on cutting rates. I don’t think […]

Big week upcoming for Mortgage rates

On Monday the 10-year treasury note went over 5%. Why is that significant? Well for all the sophistication that the financial system claims to have it’s remarkable how much a simple round number can impact things. There is no technical importance of 5% it’s just 5% sounds like a lot and that is why it […]