Christmas is Coming Early for Mortgage Rates

I don’t know about you but all I want for Christmas are lower interest rates. So far so good! The drop in rates today is due to Fed chair Jerome Powell saying that the pace of interest rate hikes may be slowing going forward. That’s all the market needed to hear to cause stocks to […]

Lower Than Expected Inflation Numbers

A great start to the week for mortgage rates fueled by lower than expected inflation numbers. Year over year inflation only increased by 7.7% instead of 7.9% which was expected by economists. Even though that number still is way too high it gives more weight to the theory that inflation peaked at 9.1% back in […]

Mortgage Rates Continue to Hold at Key Level Ahead of November Fed Meeting

Happy Halloween! I’ll let you come up with your own Halloween pun about how scary rates look this year : ) Well as I mentioned last update we were at a pivotal point for mortgage rates. Lucky for us the 4% yield on the 10 year treasury still appears to be holding. I know it […]

Autumn Inflation Influences Rates

September’s inflation data came out last week and it should another month of higher than expected inflation at a year over year increase of 8.2%. To be fair it did go down about .1% from last month but this wasn’t what the market was expecting or hoping for. In order to get to the Fed’s […]