12 Nov 2023
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 13, 2023

Financial Reports
The week following the FOMC rate decision meetings are typically very light, with the two most influential releases being the University of Michigan Consumer Sentiment and the weekly Job Claims reports. The more positive news is mortgage lending rates have been on the decline in the last two weeks. Consumer Credit Reports Consumer sentiment fell in November for the fourth month in a row due to tensions with the Middle East and there is lingering hawkishness from the Federal Reserve, which could spell continued rate hikes in the future. The preliminary reading of the sentiment survey declined to 60.4 from…
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06 Nov 2023
By Mark Feder
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What’s Ahead For Mortgage Rates This Week – November 6, 2023

Financial Reports
The most important data of the quarter was released, signaling the direction for many markets and where economic policy may be headed. Jerome Powell as well as other members of the Federal Reserve spoke about the state of economic policy, informing many parties about their decisions to remain hawkish or dovish in their approach. Further rate hikes could tell a story that inflation is not yet under control and the Federal Reserve feels the need to continue these rate hikes, which will have a significant impact on the lending markets as a whole. FOMC Rate Decision While Fed Chair Jerome…
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30 Oct 2023
By Mark Feder
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What’s Ahead For Mortgage Rates This Week – October 30, 2023

Financial Reports
This week’s most significant data offered preliminary numbers for manufacturing and services PMI (Purchasing Managers Index). Both can serve as a forward indicator for the economy while providing insight into the current state of the cost of living for the service industry. While manufacturing met an expected rise for the end of October, services saw a contraction, falling to 46.6 from 49.3. Readings below 50.0 can be a sign of a downturn for the economy, particularly given the time of the year. Mortgage Applications & Rates Indices MBA Mortgage Applications Index saw a reduction of -1.0% in applications for the…
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18 Sep 2023
By Mark Feder

What’s Ahead For Mortgage Rates This Week – September 18, 2023

Financial Reports
The previous week offered a blend of economic updates, encompassing data on inflation trends, the pulse of consumer sentiment, and the weekly oscillations in mortgage rates and unemployment claims. August Sees a Slight Upward Trend in Inflation The latest data on monthly inflation was made public on September 13th, revealing that core inflation in August experienced a jump of 0.3 percent over its July reading. This number is a tad above the anticipated 0.2 percent and also overshadows July's reading, which was set at 0.2 percent relative to the preceding month. Drawing from the Consumer Price Index, August witnessed a…
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