The Federal Reserve met this past week and held rates steady for the 6th consecutive meeting. Let’s discuss what was said and how the market reacted going into next week. “Lean on me, When you’re not strong, And I’ll be your friend ” – Lean on Me by Bill Withers. “I think it’s unlikely that…
The average borrower has to submit 8.5 offers before they finally have one accepted. One of our lenders has a full cash offer program with NO cost to the borrower, that has lowered the ratio from 8.5:1 to 1.4:1. That means they start with the house of their dreams, but ultimately go with a house…
This past week interest rates held steady as the markets brace for the Fed meeting this coming Wednesday. Let’s discuss what happened and look at the big news events ahead. “You might think I’m foolish. Or maybe it’s untrue” – You Might Think, The Cars. The Quiet Period A lot of the big market moves…
This past week interest rates ticked up to the highest level since November on continued inflation fears. Let’s discuss what happened and look at the important news in the week ahead. “Enough is enough (is enough) – I can’t go on” – No More Tears (Enough Is Enough) by Barbra Streisand and Donna Summer. Lack…
The bond market and interest rates had a rough week, especially on Wednesday when a high inflation print sent interest rates to the highest levels of the year. Let’s discuss what happened and look at the fallout ahead. “You Dropped a Bomb on Me” – You Dropped a Bomb by the Gap Band. Consumer Prices…
This past week interest rates moved higher with the 10-year Note yield briefly touching the highest levels of the year. Let’s discuss what has happened the past couple of weeks and look ahead. “This is Land of Confusion” – Land of Confusion by Genesis. The Fed and Rate Cuts A little more than two weeks…
The Federal Reserve met this week and reaffirmed rate cuts are coming but, how many and why? Let’s discuss what happened and look into the week ahead. “Communication breakdown, it’s always the same Havin’ a nervous breakdown, a-drive me insane”…Communication Breakdown by Led Zeppelin Mixed Fed Messages On Wednesday, the Federal Reserve met and decided…
This past week interest rates ticked up, amidst higher inflation numbers and U.S. debt being sold. Let’s look at what happened as we approach the important Fed Meeting next week. “Wanna make the world dance, Forget about the Price tag” Price Tag by Jessie J Consumer Prices Remain Elevated The Consumer Price Index (CPI) for…
A good week for rates as they ticked to the best levels in a month. Let’s discuss where they are headed, why and what’s next. “It feels good, yeah. It feels good” – Feels Good by Tony! Toni! Tone! Fed Says Higher for Longer – Mortgage Rates Improve There was nothing stopping rates from improving…
This past week, interest rates held steady amidst a slew of market-moving events. Let’s discuss what happened and see what lies in the week ahead. “I gotta go back, back, back to school again” – Back to School Again, The Four Tops Fed Has Been Right Over the past couple of months, the bond market…