ARCHIVED BLOG POSTS
2023
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A lot has happened since we spoke to the rate market. Here is a recap. The GoodFederal Reserve Meeting increase of a .25 What was good about it is we knew it was coming and it was priced in, however the Q&A after looks like the Fed is done for a while based on economic data.PCE was good but not g...
07/28/2023
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What does time cost, apparently a lot!We have all seen those social media posts about buying now at a higher rate and lower price, then refinancing down the road. Date the Rate, Marry the Home. or It’s Your Forever Home Not Your Forever Loan! It’s very true. I want to point this out with some dat...
07/26/2023
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LET’S GET BACK TO NORMAL.Good morning everyone, as we begin a new week, we find the markets returning to what we now consider normal. If you had shut down the Friday before the 4th of July and went on vacation until Friday July 14th you would have thought “Nothing much happened while I was away”....
07/19/2023
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WHAT THE HECK HAPPENED???After we enjoyed the fireworks from the 4th of July, the labor sector reports added some sparks to the markets. AND we had the Fed minutes from their last meeting about what might be in store for rate hikes.The major damage, which saw rates surge back into the 7% range wa...
07/11/2023
Rainmaker
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705,830
John Lake
Sarasota, Cape Cod Mortgage Banker