by MtgGuy | Aug 30, 2024 | Market Update
Scott Bradley Brixen August 30, 2024 It’s time to start cutting rates, said Fed Chairman Jerome Powell in his speech from Jackson Hole last Friday. Anticipating this policy shift, mortgage rates have already moved more than 1% lower in the last four months, improving...
by MtgGuy | Aug 3, 2024 | Market Update
Real Estate News in Brief The Fed kept rates steady (again), but said that a rate cut on Sept 18 was definitely “on the table” given progress on inflation and the recent rise in the unemployment rate. The bond market rejoiced, helping to send average mortgage rates...
by MtgGuy | May 29, 2024 | Market Update
Week of May 20, 2024 in Review The pace of home sales declined in April, though the speed at which existing homes sold accelerated. Plus, a parade of Fed speakers and the minutes from their last meeting shed light on their views about inflation, the labor market, rate...
by MtgGuy | May 14, 2024 | Market Update, Mortgage Updates
Buying a home is a significant financial milestone, and choosing the right mortgage can make all the difference. Understanding the different types of home loans and their respective qualification criteria is crucial for prospective homebuyers. In this blog post,...
by MtgGuy | May 6, 2024 | Market Update
Week of April 29, 2024 in Review The Fed once again held rates steady, labor sector data showed signs of softening, and there’s more evidence of rising home values across the country. Read on for these stories and more: – Fed Shuts Down Rate Hike Chatter...
by MtgGuy | Apr 1, 2024 | Market Update
Week of March 25, 2024 in Review Progress on the Fed’s preferred inflation measure has stalled, while the latest data on appreciation and signed contracts show strength in the housing sector. Here are the headlines: -Progress Stalls on Inflation -Media Mixed Up About...
