17 Apr 2024 Rich’s Rates Roundup Week of April 15, 2024 All the week’s news affecting mortgage rates! The last week and a half has been difficult for economic data. Let’s face it, the inflation indicators came in too hot. We were expecting that numbers would deteriorate slightly, but they over-did. This brings to mind the Benjamin Disraeli quote, “There are three types of lies: Lies, […] Share on Facebook Share on Twitter
1 Apr 2024 Rich’s Rates Roundup Week of April 1, 2024 Rich’s Rates Roundup Week of April 1, 2024… All the week’s news affecting mortgage rates! What will affect the bond market and, by extension, the mortgage market this week? This week it is mostly jobs-jobs-jobs. Why are jobs so important to the bond market? The more jobs there are, the more money there is to spend. […] Share on Facebook Share on Twitter
25 Mar 2024 Rich’s Rates Roundup Week of March 25, 2024 Rich’s Rates Roundup… All the week’s news affecting mortgage rates! Last week was a huge week for mortgage-backed securities and for the economy in general. The Federal Open Markets Committee (the FED) met last week and issued its policy guidance. They hemmed and hawed but essentially stated that with the current data available they see […] Share on Facebook Share on Twitter
18 Mar 2024 Reliable FED Data? Maybe… Maybe Not! The big news this week is: It’s FED week. On Wednesday, the FED Board of Governors meets and releases its economic projections as well as its decisions regarding monetary policy. But how reliable are these projections and decisions? The data that has been collected and released since the last meeting will be analyzed and they […] Share on Facebook Share on Twitter
12 Mar 2024 Inflation Data and the FED This is an amazingly important week for economic data. Yes, I am going to nerd out here for a minute, but each of these numbers has an impact on how the FED sees our progress in the fight against inflation. Jerry P, the FED chairman, sees himself as the man of stainless steel in the […] Share on Facebook Share on Twitter
