For all the talk about what parts of the government would get shut down if the budget didn’t pass, it all turned out for naught. Which is good, because I really didn’t wanna sit here this week and weigh the impacts of a partial government closure on the markets, how long closures would last, and […]
The Federal Reserve decided to pause rate hikes, but was it the right decision? And what does this mean for the future or mortgage rates, home sales, jobs, and the economy at large? In this episode: The Fed pauses its rate hikes for now, will it last? Labor and inflation will help mortgage rates in […]
They did it again! Last week the Federal Reserve paused interest rate hikes and mortgage rates immediately went up higher for two days consecutively. Jerome Powell and the federal reserve last Wednesday but left room for a possible rate hike in November. So the question is: If they know they might need room to raise […]
The headlines are on the move in real estate and mortgage! Every week new data surprises us with new ways people are getting creative to achieve their homeownership goals! This week we breakdown: More unmarried couples are buying homes together. What to know before you do. Mortgage demand drops to 27-year low as interest rates […]
Last week was all about inflation which we talked about. Consumer inflation came in at 3.7% which was higher than projected, and STILL really far away from the Fed’s 2% overall inflation target. Too many people on TV just fan the flames of market optimism, completely void of any recollection of economic history. In the […]
Recent reports and research reveal we’re experiencing some anomalies in housing and real estate. So today we talked about these recent hot topics to try and make sense of everything that changing: Mortgage payments increased 17% annually to $2,162 in July 2023 Did we reach the peak for mortgage rates this year? US CoreLogic S&P […]
Mortgage Rates last week were pretty ugly coming off the 3 day weekend. The bond market and mortgage-backed security investors continue to gauge where the puck is going next when it comes to the fed and their monetary policy. The housing industry is strapped with historic unaffordability, the highest mortgage rates in 23 years, waning […]
Look, there’s no easy way to address all these market conditions happening right now, so we’re tackling them head on! 1. New Listings Take a Hit, possibly due to higher mortgage rates. So Where are Mortgage Rates Headed? 2. New Home Sales Grow, even with Higher Rates, can this sustain? 3. Home sales will be […]
Last week mortgage rates got a touch better and eased up but not by anything we’d be shouting from the mountaintops about. Literally some people went from 7.5% to 7.3875% and others went from 7.3875%….to 7.25%. So not huge moves, but right now in an elevated rate market every little bit helps. This will be […]
With so much happening all at once it can be easy to feel like we’re not in the middle of a storm; however, it is vital to face facts and address what’s happening in real estate and mortgage. On deck today we have real estate Inventory growth is slow, Home sales fall again in July, […]