Mortgage Update 10/30/23

Week of October 23, 2023 in Review Consumer inflation continued to inch lower in September, while signed contracts for new and existing homes were better than expected, showing resiliency in the housing market. Read on for last week’s headlines: -Inflation Inching Lower -Pending Home Sales Perk Up in September -Big Rebound in New Home Sales […]

Mortgage Update 10/23/2023

Week of October 16, 2023 in Review Tight housing inventory and elevated mortgage rates remain key headwinds for homebuyers and home builders. Plus, there was more Fed chatter about rates and the labor sector “WARNing” you need to know about. Here are the headlines: -“Pressing Need” for More Housing Inventory -Housing Starts Rise but Is […]

MORTGAGE UPDATE 10/16/2023

Week of October 9, 2023 in Review Shelter and energy costs pushed consumer prices higher in September, but inflation has made significant progress lower since peaking last year – and some Fed members are taking notice. Here are last week’s headlines: -Lodging, Energy Costs Push Inflation Higher -Wholesale Inflation Heating Up -Fed Members Breaking Rank […]

MORTGAGE UPDATE 10/10/2023

Week of October 2, 2023 in Review September brought a blowout job creation number from the Bureau of Labor Statistics,but is the labor sector as strong as that data suggests? Meanwhile, appreciation reports show that home prices are reaching new record highs. Here are last week’s headlines: -Soaring September Job Growth Defies Expectations -Private Payrolls […]

MORTGAGE UPDATE 10/2/2023

Week of September 25, 2023 in Review Inflation continues to march lower while tight housing supply and elevated mortgage rates remain key influences on home sales and home prices. Here are last week’s stories: -Inflation Makes Progress Lower -Pending Home Sales Tumble in August -New Home Sales Hit Slowest Pace Since March -Record High for […]