mortgage: Rate Watch 11/13/2023
- 11/13/23 10:01 AM
We have an extremely busy week ahead of us. We hear from a lot of Fed members and receive two key inflation reports: the CPI and PPI. Right now, the markets are expecting a CPI reading of 0.1% (down from 0.4% from the previous month) with a core (excluding food and energy) reading of 0.3%, unchanged from last month. They are expecting a year-over-year (YoY) change of 3.3%. These numbers will be released tomorrow. This will be important inflation data as we head into the final Fed meeting of 2023 set to take place on December 13th. So far, inflation has been easing with some hiccup months, due to higher energy costs and a … (0 comments)
mortgage: Government Shutdown Implications for the Mortgage Industry
- 09/29/23 01:34 PM
As Congress continues to negotiate appropriations bills and/or a continuing resolution to fund the United States government for FY 2024, Federal agencies are preparing for the possibility of a government shutdown when the current appropriations expire in just two weeks on Saturday, September 30. While we are hopeful that Congress and the President will come to an agreement that keeps the government operating, there is a strong possibility that a lapse in funding will occur. A shutdown would necessitate a furlough of certain federal employees and significant curtailment of agency operations. Employees exempted from a furlough include those performing emergency services protecting … (4 comments)
mortgage: Bank Failures and Mortgage Rate Impact
- 03/31/23 03:14 PM
This month’s demise of three major banks sent shockwaves through an already fragile U.S. economy. The news sparked fears that a string of similar failures was imminent, resulting in a financial crisis similar to what the country experienced in 2007–2008. As homebuilders, lenders, and industry professionals struggled to determine the bank failures’ impact on the housing market, mortgage experts were already sharing their predictions. Many expect the upheaval to cause a significant shift in interest rate trends. But before we dive into this, here is a quick summary of the recent failures. Three banks shutter their doorsThe March 10 shutdown of … (2 comments)
We have an extremely busy week ahead of us. We hear from a lot of Fed members and receive two key inflation reports: the CPI and PPI.
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