Mortgage rates spiked to their highest level since early July, even after the Federal Reserve cut rates again. Let’s break down what happened and what we should keep an eye on in the coming weeks. “We walk blind and we try to see, falling behind in what could be” Higher Love by Steve Winwood. The…
This past week, we saw interest rates tick up slightly as inflation continues to linger. Let’s break down what happened and gear up for the big Fed meeting next week. “Can you take me higher to a place with golden streets?” Higher by Creed. Prices Stay High One of the Fed’s main goals is to…
This past week, interest rates stayed steady at their best levels in over a month. Let’s dive into what happened and what’s ahead. “All good. In the hood tonight” All Good in the Hood Tonight by Jamiroquai. Powell’s Outlook “Pretty, pretty, pretty good.” – Larry David, Curb Your Enthusiasm On Wednesday, Fed Chair Jerome Powell…
In this holiday-shortened week, as we pause to celebrate Thanksgiving, home loan rates dipped to their lowest levels in over a month. Let’s explore what drove these changes and take a look at what’s ahead. “Low rider don’t use no gas now, low rider don’t drive too fast”. Low Rider by War. Markets Celebrate New…
Interest Rates: Holding Steady (For Now) Still in a Wide Sideways Range… Interest rates are bouncing around in a wide sideways range, avoiding any new highs—for now. Let’s break down what happened this past week and take a look at what’s ahead. “It’s not so easy to control (pressure) There’s always an easy way to…
Interest rates remained largely unchanged from last week, staying elevated compared to the lows we saw back in September. Let’s take a closer look at what went down and what’s coming up. “Money, money, money, money (money)” For the Love of Money – The O’Jays. Consumer Inflation The Consumer Price Index (CPI) numbers are in,…
All the financial markets moved sharply this week in response to election day. Let’s break down what happened and look ahead to next week. “Let’s go Crazy, Let’s Get Nuts” Let’s Go Crazy – Prince and the Revolution. The Results This past week, Donald Trump was elected as the 47th President of the United States.…
This Week in Rates: They’re Still Climbing 🚀 As We Get Closer to Election Day… Interest rates kept doing what they’ve been doing lately—heading up. So, let’s dig into what’s been going on with the economy and how it might play into what we see at the polls and from the Fed. “Now I’m walking…
This past week, interest rates held steady during a quieter news cycle. Let’s break down what went down and take a look at what’s coming next. “Rock steady, baby, rock steady, woo!” – Rock Steady by Aretha Franklin Oil Sputters Oil and mortgage rates tend to move in sync. When oil prices drop, rates often…
This past week, interest rates moved up a bit as we saw some good news getting offset by the bad. Let’s break down what went down and what’s coming up this week. “Good times bad times I know I’ve had my share” …Good Times Bad Times by Led Zeppelin. The Bad Times The major headline…