Tag: Inflation

Posted on 05/06/2022
The Fed & Jobs Report
With a wide range of major economic news, it was an extremely volatile week. The actions by the Fed were in line with investor expectations and the Employment report came in very close to the consensus forecast, but mortgage rates ended the week even higher. As expected, the Fed raised the federal funds rate by 50-basis points on...
Inflation
Interest Rates
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Posted on 04/29/2022
How Will Rising Gas Prices Impact the Housing Market?
As gas prices are steadily rising across the country, many U.S. residents are wondering when this increase will begin to slow down and whether or not sky-high gas prices could affect the housing market. Over the past several years, housing prices as well as the costs of many common goods and services have slowly risen due to the...
Gas Prices
Housing Market
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Posted on 03/18/2022
Home Sales Fell Far More Than Expected In February, As Mortgage Rates Rose And Supply Remained Tight
Sales of previously owned homes fell 7.2% month to month in February to a seasonally adjusted annualized rate of 6.02 million units, according to the National Association of Realtors. That significantly missed analysts’ expectations of 6.13 million units. Sales were 2.4% lower compared with the same month a year ago. Rising mortgage rates likely played a role in the...
Real Estate
Mortgage
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Posted on 01/10/2022
FYI - Mortgage Rates Higher Than at Any Point in 2021
Mortgage rates have taken a big leap at the start of the new year. In the first week of 2022, the 30-year fixed-rate mortgage jumped nearly 60 basis points higher than a year earlier, averaging 3.22% this week, Freddie Mac reports. “Mortgage rates increased during the first week of 2022 to the highest level since May 2020 and...
Interestrates
Inflation
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