Hope you’re having a great week! Lots happening in the markets. My purpose with this newsletter is to keep you informed about what’s happening in the market, even when things get a little bumpy. This week, we saw some mixed signals, so let’s break it down. Recent data revealed inflation reared its head again with
As we settle into the new year, mortgage rates continue to move sideways after seeing significant improvement between late October and mid-December. Also, the 30-year fixed rate is only slightly higher, by .14 percent higher than this time a year ago, according to Freddie Mac’s survey of average mortgage rates. Friday, the latest Jobs Report
Not surprisingly, mortgage rates resumed their steady march higher last week, according to Freddie Mac’s latest survey of average rates. We’re continuing to see the economy shift. On the one hand, data is showing strong job and wage growth but uncertainty lingers due to high inflation, fears of recession, and rebalancing in the housing market.
