Waiting for the Feds to Cut Rates

Waiting for the Feds to Cut Rates

When it comes to mortgage rates, it sometimes feels like we’re all looking into a crystal ball—trying to guess where things are headed next. This past week gave us a perfect example. Inflation reports moved the market in both directions, and mortgage rates ended up...
Market Update – 8/30/2024

Market Update – 8/30/2024

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...
Market Update – 8/3/2024

Market Update – 8/3/2024

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...
Market Update – 5/27/2024

Market Update – 5/27/2024

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...
Market Update – 5/6/2024

Market Update – 5/6/2024

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...
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