Real estate blog entries tagged with mortgage rates by Bob Elliot, 30Yrs Experience (RES Realty)

Home : Blogs : Bob Elliot : Real Estate News Matters : Tag "mortgage rates"

mortgage rates: What's Ahead for Mortgage Rates This Week - June 1st, 2026 - 06/01/26 12:46 PM

The PCE Index inflation data has been released on schedule, and it paints a rather grim outlook for the future. Inflation has reached a three-year high, and given that it is the Federal Reserve’s preferred measure of inflation, it does not bode well for any impending rate cuts and may even raise the possibility of future rate increases.
This is somewhat offset by consumer spending having exceeded expectations, but this appears to be entirely related to high fuel prices, whether consumers want to spend that much or not.
PCE Index
The main inflation barometer preferred by the Federal Reserve rose to a three-year high … (0 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - May 18th, 2026 - 05/18/26 07:28 AM

The CPI and PPI came in on schedule, and the results were warmer than expected, with the Producer Price Index showing an increase of 0.6% — nearly double the expected 0.3% rise. This is also reflected in the elevated, though expected, CPI reading of 0.6%. This is certainly being driven by increased fuel and energy costs.
This is further supported by U.S. Retail Sales showing an increase, though high gas prices and inflation are playing a major role in the rise in sales figures. As a result, the rate cuts the Federal Reserve had discussed in the past are now looking very … (1 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - May 11th, 2026 - 05/11/26 06:59 AM

The inflation data scheduled for this week has been pushed back by one week. The unemployment data was the only impactful economic report released this week. Across the board, unemployment statistics came in within expectations, while wage increases were slightly below expectations. Historically, wages have lagged behind inflation, making both unemployment and wage growth strong barometers of the economy’s overall health. Despite the current state of affairs, the economy appears to be holding strong, as reflected across the broader markets.
Job Wages
The average hourly earnings for all employees in the U.S. total private sector reached ($37.41). This represents a 3.57% increase over … (1 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - May 4th, 2026 - 05/04/26 06:25 AM

The latest Trade Balance data has shown that despite the rigorous action involved with tariffs, it has had little impact on adjusting the trade balance amongst the US and other countries. The imbalance has gone the other direction — becoming worse — the last 3 releases alone.
The unemployment data has shown to be surprisingly resilient as people are not gaining nor losing jobs on the average. Amidst the current economic events and administrative events, there has been some job scarcity in many markets but the impact has not been shown in the data.
Hourly wages has also again consistently lagged behind inflation, … (5 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - April 27th, 2026 - 04/28/26 02:28 AM

A relatively light week given recent events, with the only notable releases being Consumer Sentiment and Retail Sales. Consumer Sentiment has broken its recent downtrend, ticking up slightly. However, in the face of rising gas prices and increasing costs of living, this may shift in the next release. Retail Sales have also shown a positive uptick, indicating that the economy remains resilient despite ongoing global events.
Consumer Sentiment
US consumer sentiment showed some improvement amid a two-week ceasefire between the US and Iran, but it's still at record lows, according to new data from the University of Michigan. The Index of Consumer Sentiment … (2 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - April 13th, 2026 - 04/13/26 10:43 AM

The core CPI and PCE data have been released, leaving only the non-core CPI data delayed. Amid the Iran war, inflation has once again risen to higher levels, with most sectors seeing widespread price increases due to higher fuel and energy costs. As fuel costs rise, there is a knock-on effect across other consumer products as well. However, inflation has remained within expectations when considering the impact of the war.
PCE Index
Shortly before the start of the Iran war, a key measure of U.S. inflation rose at an excessive pace for the third month in a row, underscoring the latest challenge facing … (1 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - April 6th, 2026 - 04/06/26 07:26 AM

With the continued delay in the CPI and PCE inflation data, this week’s headlines will focus on unemployment figures. Job reports show an increase of 178,000 workers, though this growth is unlikely to persist given the current state of the economy. Unemployment data has also shown a positive release, reflecting a slight decrease from the previous report.
Since the Federal Reserve discontinued rate cuts in December, the outlook remains highly uncertain as it continues to grapple with numerous aspects of the current economic environment.
Unemployment Data
The U.S. added a greater-than-expected 178,000 jobs in March and the unemployment rate fell a tick to 4.3%, … (0 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - March 30th, 2026 - 03/30/26 11:28 AM

With the current state of affairs, it is not surprising that a majority of the releases scheduled for this week have been delayed until next week. The only notable report set to be released is the consumer sentiment report, which has been showing month-to-month declines. This has led to a very light week, with a heavy slate of inflation data scheduled for release next week. The PCE Index and CPI are both scheduled for next week.
Consumer Sentiment
The University of Michigan’s Consumer Sentiment Index fell sharply to 53.3 in March 2026, down from the preliminary estimate of 55.5 and below February’s 56.6. … (1 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - March 23rd, 2026 - 03/23/26 11:46 AM

While delayed, the Producer Price Index has indicated that the war in Iran has pushed producer prices to new highs, as oil prices have surged amid the conflict, coming in at more than double the expected value. It is unlikely we will see prices recede, even if there is a quick resolution. There will be long-term impacts that continue to keep gas prices elevated until then.
Outside of the influential PPI release, the schedule was relatively slim, with only further discussion of the FOMC rate decision, which largely focused on maintaining the status quo until more data and developments come to light.
Producer Price … (2 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - March 16th, 2026 - 03/16/26 07:41 AM

With the release of the delayed PCE and CPI inflation data reports, the Federal Reserve has chosen to stick to its resolve and maintain the current interest rates. It remains to be seen whether this will result in maintaining them or even increasing rates, as reports have shown that inflation is remaining sticky for the average consumer. This has been exacerbated by the ongoing conflicts with Iran, which have pushed gasoline prices higher.
There is some speculation that the Federal Reserve may walk back a rate hike in order to combat this ongoing stubborn inflation, but there is little sign of that … (1 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - March 9th, 2026 - 03/09/26 08:54 AM

The inflation data for CPI and the PCE Index was intended to be released this upcoming week, but it has been delayed until the following week. Given that, the most important data for this week was the Jobs Report, which includes important figures such as the amount of job growth and wage gains in proportion to inflation.
This release has shown a rather dismal result in job growth, showing near-zero job gains—a major reduction compared to the previous two years during the same period. This is also followed by wage gains that have lagged behind inflation for a long time. This could … (2 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - March 2nd, 2026 - 03/02/26 08:08 AM

The release schedules of both the PPI and CPI have landed in the same week, but recently they have been shifted off kilter, with the PPI set to release the prior week. Limited information from the Core PPI—which came in higher than expected—was released, with the full data release delayed and likely to be published alongside the CPI data. Outside of these two releases, the unemployment data that was set to be released this week has also been delayed and is now due next week. This leaves Consumer Confidence as the only major release, which broke a six-month downtrend, showing a … (0 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - February 23rd, 2026 - 02/23/26 07:05 AM

The Federal Reserve’s preferred inflation indicator has come in showing that inflation is still running hotter than expected. This creates a difficult position for the Federal Reserve as it tries to balance interest rate cuts while managing inflation at the same time. Despite previous rate adjustments, inflation has remained stubbornly high.
It remains to be seen whether any monetary policy will be able to curb the recent trend as it stands. This was also accompanied by a 0.4% increase in personal income, which has been the status quo for some time now. Inflation outpacing wage growth has been a major concern on … (0 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - February 17th, 2026 - 02/17/26 08:08 AM

In an unexpected turn, the Consumer Price Index (CPI) showed that inflation came in cooler than expected for the month of January, falling to a five-year low.
The jobs report showed that unemployment numbers came in worse than expected, perhaps signaling further hesitation from the Federal Reserve, despite inflation data coming in favorably.
This is also in light of retail sales data showing that, when accounting for post-holiday trends, retail activity has hit a significant slump. This suggests that Americans’ buying habits have changed substantially from the prior year, offering further insight that price pressures are still present at current levels. There is … (2 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - February 9th, 2026 - 02/09/26 06:24 AM

While Consumer Sentiment has inched up slightly, Consumer Credit tells a different story. Credit usage has continued to rise, suggesting increased financial strain on consumers amid ongoing economic pressures such as inflation. Although another rate cut is still expected, its likelihood remains uncertain under the current administration.
Consumer Sentiment
Consumer sentiment was essentially unchanged, inching up less than one index point from last month and sitting about 20% below January 2025. Sentiment surged for consumers with the largest stock portfolios, while it stagnated and remained at dismal levels for consumers without stock holdings.
Consumer Credit
In 2025, consumer credit increased 2.4 percent, with revolving and … (2 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - February 2nd, 2026 - 02/02/26 09:17 AM

While many were optimistic about an additional rate cut, the Federal Reserve has decided to maintain current interest rates pending further data. They have previously stated that at least one more rate cut would follow the last one, but their stance now appears to depend on the availability of sufficient supporting data.
Recent Core PPI reports have also been released, and the data conflicted with earlier CPI and non-core PPI reports. The reports showed that inflation for producers along major production pathways has increased more than expected. This is likely to result in a noticeable increase in wholesale prices across the board.
Additionally, … (1 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - Jan 26 2026 - 01/26/26 07:37 AM

The Federal Reserve’s preferred inflation indicator — the Personal Consumption Expenditures (PCE) Index — released under delayed conditions, but it was within expectations. Next week will be another Federal Reserve Rate Decision, and it is expected that the Federal Reserve will reduce rates at least one more time. The optimism among the broader market has been showing that multiple sectors that seem unphased by the administrative decisions and current political climate.
PCE Index
The PCE Index came in at 2.8% in November on an annualized basis. According to data from the Commerce Department, core PCE, which excludes food and energy, also stood at … (0 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - January 20th, 2026 - 01/20/26 07:29 AM

In
lation reports have shown their cards, and they have come in line with expectations. These newer reports rely on less data from sources overall, which is why the PCE Index remains the Federal Reserve's preferred inflation indicator—and that distinction is even more relevant now.
Despite inflation coming in as expected, consumers are still feeling the steady pressure of price increases that are not keeping pace with wage growth. This is also consistent with what the PPI has shown, indicating that manufacturers are experiencing persistent inflationary pressure as well, though still in line with expectations. The Federal Reserve is still expected to reduce … (0 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - January 12th, 2026 - 01/12/26 08:50 AM

The trade deficit dropped significantly this month, resulting in the smallest gap in the last 16 years. This has been entirely driven by the ongoing gold rush and, to a much less impactful degree, businesses working their way around high tariffs. The unemployment reports, however, have shed another light, showing a steady trend of unemployment rising and reaching a four-year high as of last week.
This is somewhat offset by consumer sentiment, which showed a slightly positive increase alongside relative improvements in the economy. All in all, the data points to mixed results for the broader market. The upcoming week will be … (2 comments)

mortgage rates: What's Ahead for Mortgage Rates This Week - January 5th, 2026 - 01/05/26 07:06 AM

With the only notable item on the schedule being the release of the Federal Reserve minutes, which reflect the current stance of the Fed, virtually nothing has changed since the last rate cut. The Federal Reserve is expected to continue its wait-and-see approach.
Primary Mortgage Market Survey Index
15-Yr FRM rates saw a decrease of -0.06% with the current rate at 5.44% 30-Yr FRM rates saw a decrease of -0.03% with the current rate at 6.15% MND Rate Index
30-Yr FHA rates saw no change for this week. Current rates at 5.85% 30-Yr VA rates saw no change for this week. Current … (1 comments)

Related Links: