15
Jul
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – July 15th, 2024

With lofty expectations, the CPI delivered a lower-than-expected inflation increase, leading to a positive uptake across many lending partners and markets. However, the PPI was on the opposite end of that, with a higher-than-expected inflation rate increase, muting the positive response from the CPI data release. The outlook for a rate cut this year has changed, making the potential for it highly likely. Even Jerome Powell, who usually has a more hawkish response regarding rate cuts, is now leaving some room for this possibility. With the outlooks in favor of a rate cut, we’re seeing the impact across many markets as…
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15
Jul
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – July 15th, 2024

With lofty expectations, the CPI delivered a lower-than-expected inflation increase, leading to a positive uptake across many lending partners and markets. However, the PPI was on the opposite end of that, with a higher-than-expected inflation rate increase, muting the positive response from the CPI data release. The outlook for a rate cut this year has changed, making the potential for it highly likely. Even Jerome Powell, who usually has a more hawkish response regarding rate cuts, is now leaving some room for this possibility. With the outlooks in favor of a rate cut, we’re seeing the impact across many markets as…
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08
Jul
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – July 8th, 2024

With the FOMC Minutes coming precisely within expectations, there is once again a lot of optimism that the Federal Reserve may cut rates this year. Much of the Q2 data reports show favorable amounts of reduction in inflation as well as a more stable economic outlook for the rest of the year. With the larger reports in PMI Manufacturing numbers and Non-farm Payroll figures, the overall outlook seems to align with the rest of the data points, justifying the more recent optimism about potential rate cuts. This week should give the final results on Q2 inflation results with the new…
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01
Jul
By Todd Grey
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – July 1st, 2024

Following the release of key data such as the FOMC rate decision and CPI and PPI inflation reports, only the PCE Index reports remained to set the course, which are coming in well within expectations. The Consumer Confidence Report is also a significant concern since it influences broader economic decisions when consumers hesitate to spend, usually due to rising living costs. Consumer Confidence Report Consumers were slightly more optimistic about the economy at the end of June, but the effects of high inflation in the past few years still weighed on their minds. The final reading of the consumer sentiment…
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26
Jun
By Todd Grey
Mortgage Rates, ,

How Economic Trends Influence Mortgage Lending

As a consumer, understanding these economic trends can empower you to make informed decisions about your mortgage. Let’s discuss some key economic factors that influence mortgage lending and what they mean for you. Interest Rates: The Pulse of Mortgage Lending Interest rates are perhaps the most significant economic indicator affecting mortgage lending. When the Federal Reserve adjusts its benchmark interest rate, it directly impacts the rates banks offer on mortgages. Low-Interest Rates: In a low-interest-rate environment, borrowing costs decrease, making mortgages more affordable. This often leads to increased home buying, as lower monthly payments are more attractive to consumers. High-Interest…
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