Market Update October 21st, 2024
Economic Deja Vu? 👻 Happy Monday , folks! Another week, another batch of economic reports to decipher. But don’t worry, I’m here to make sense of it all, and trust me, it’s not as scary as it sounds (unless you’re terrified of slightly fluctuating interest rates… then maybe it is a little spooky 👻). Don’t […]
Market Update October 14th, 2024
This Week in Mortgage Mayhem (and a Holiday!) 🎃 Hey there, future homeowners! Ever feel like the economy is a roller coaster you’re strapped into, but you don’t even get the fun of the ride? Yeah, me too. But as your friendly neighborhood mortgage loan officer, I’m here to break down this week’s economic shenanigans […]
Market Update : October 7th, 2024
10.7 Market Update Hey everyone, I wanted to give you a quick update on what’s been happening in the mortgage market over the past week. As you know, the economy can have a big impact on interest rates, so let’s break down some of the key reports that came out between September 30th and October […]
Market Update September 30th , 2024
9.30 Market Update Hey , Here’s a quick update on what’s been happening in the mortgage market over the past week. As you know, the economy can have a big impact on interest rates, so let’s break down some of the key reports that came out last week. One of the biggest news items was […]
Market Update September 23rd, 2024
Let’s Talk about what’s been happening in the mortgage market over the past week. As you know, the economy can have a big impact on interest rates, so let’s break down some of the key reports that came out between September 16th and September 20th. One of the biggest news items this week was the […]
What does the Fed rate cut mean for Mortgages? September 19,2024
So, you heard the Fed cut interest rates this week? That’s a big deal for anyone thinking about buying a house. Basically, when the Fed cuts rates, it’s like they’re turning down the heat on borrowing money. So, mortgage rates, which are the cost of borrowing money to buy a home, should generally go down […]
Market Update 9.16
Hey everyone, Let’s dig into what’s been happening in the mortgage market over the past week. As you know, the economy can have a big impact on interest rates, so let’s break down some of the key reports that came out between September 9th and September 13th. First, we had the Initial Jobless Claims report. […]
Market Update – September 9
Mortgage Rates and the Economic Reports Well, it’s been another busy week for economic news, and it’s had a significant impact on mortgage rates. Let’s break down the reports from September 2nd to September 6th: Overall, the economic reports from the past week have been largely positive for the economy but negative for mortgage rates. […]
Market Update – September 2nd
Well, last week was busy for economic news, and it had a significant impact on mortgage rates. Let’s break down the reports from August 26th to August 30th: Overall, the economic reports from the past week have been generally positive for mortgage rates. They suggest that the economy is slowing down and that inflation is […]
Market Update August 26th
Hey everyone, I wanted to give you a quick update on what’s been happening in the mortgage market over the past week. As you know, the economy can have a big impact on interest rates, so let’s break down some of the key reports that came out between August 19th and August 23rd. First, we […]
Market Update August 19th
Economic Reports: Last Week’s Impact and Next Week’s Outlook Last Week’s Economic Reports So, let’s break down what happened last week. The biggie was the Consumer Price Index (CPI) report. That’s like checking the grocery bill for the whole country. If prices are going up too fast (inflation), it typically means the Federal Reserve might […]
Market Update , August 12 2024
Alright, let’s break down those economic reports and how they’re shaking up mortgage rates. What happened last week (August 5th to 9th)? So, last week was kind of a mixed bag for mortgage rates. We got a few key reports: Fun fact: Did you know that inflation is kind of like a sneaky thief? It […]
Is a recession good for home values?
The thought of a recession can be daunting for many people, as it can bring about job losses, economic uncertainty, and a drop in home prices. However, history has shown that going into a recession can actually be beneficial for home prices and appreciation in the long run. In this blog, we will explore how […]
Are mortgage rates going to continue to drop?
Inflation is one of the most important economic indicators, affecting the cost of living, investment, and borrowing. In recent years, inflation rates have been on the rise, causing central banks and governments to take action to control the situation. One of the most common tools used by central banks is to adjust interest rates, which […]