Tag Archives: Fed Meeting

Pacific Financial Mortgage

Even with Uptick, Rates Remain at Historically Low Levels

Last week we saw evidence – in the reports on consumer and wholesale prices – that inflation continues to rise and as we know, this can often cause a rise in rates. This seems to be the case as the latest survey on average mortgage rates, published by Freddie Mac, reported that the average rate

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Pacific Financial Mortgage

Times They Are a Changin’…How Can You Be Ready?

Going into last week’s Fed Meeting, mortgage rates had remained steady for the past couple months. We’ve watched U.S. Treasuries becoming more popular with foreign investors as the global economy has struggled to recover amidst the pandemic. This has helped mortgage rates stay low, along with the Fed’s stimulus buying of mortgage backed securities. Well,

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Pacific Financial Mortgage

Rates Steady for the Last 2 Months… Trend Might Be About to Change

We’re going on two months now that we’ve seen mortgage rates remain mostly flat. Analysts see this as evidence that markets are leery of the prospects of a robust economy roaring back anytime soon due to rising covid cases and how this pandemic is going to shake out. And of course the Fed’s bond buying

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Pacific Financial Mortgage

Important Jobs Report This Week…What About Rates?

There’s so much to discuss this week, so let’s dive in! First of all, mortgage rates remained rather steady last week as markets awaited the comments and fallout from the Fed’s meeting in Jackson Hole, Wyoming. The comments following the meetings by Fed Chair Jerome Powell revealed that the members are talking about tapering their bond buying program

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Pacific Financial Mortgage

Grab your boots & hats for the Fed Meeting in the Cowboy State

Looks like things have settled down for rates as they remained relatively flat last week, according to the latest weekly survey published by Freddie Mac. What’s not remaining flat is home sales as a report already released this week shows home sales beating expectations! This week, however, we have even more housing data coming out

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Pacific Financial Mortgage

Some head-scratching over inflation’s effect on mortgage rates

Last week’s market and mortgage rate movement has many experts scratching their heads, and here’s why. First, we saw the core rate of consumer inflation (CPI)  come in much higher than expected at 3.8 percent. Normally, higher inflation sends mortgage rates higher, but according to the latest survey of mortgage rates, they improved slightly, hence

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Fed raised rates, mortgage rates moved lower. Say what?

Since my last post in mid-March we’ve seen some interesting developments in the mortgage market, namely that since the Fed raised its key interest rate, mortgage rates actually improved some, dropping to the lowest levels all month. It was certainly a nice gift! Let’s recap what’s been happening. So, back on March 15th the Federal

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Fed likely to raise rates this week. What’s the play for you?

This Wednesday, on March 15th, the Federal Reserve Board (‘The Fed’) will meet, and all signs point to them voting in favor of raising the Fed Funds Rate, a key interest rate. What does this mean for you? First, remember that they don’t literally raise mortgage rates but their actions affect the direction of stock and

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