Our friends at MBS Highway did a great job of breaking down the fed rate cut and what that means for us! “Fed Breakdown The Fed cut rates 50bp yesterday to a target range of 4.75% to 5%, with the effective Fed Funds Rate at 4.875%. Deciding to go 50bp instead of 25bp shows that […]
Fed Action and Market Response Breakdown Read More »
The MBS Highway National Housing Index dropped 2 points in September 2024 to 40. With the seasonal slowdown well underway, the decline in mortgage rates over the last four months has yet to noticeably boost buyer activity. #mbshighwayhousingsurvey #mbshighwayhousingindex #mbshighway #mbssocialshare #mortgagemarketnews
MBS Highway Housing Index Update Read More »
Inflation continues to make progress as the headline Consumer Price Index eased to 2.5% YoY in August from 2.9% in July, reaching its lowest level since February 2021. Core CPI (which removes food and energy prices) held steady at 3.2% YoY due in large part to shelter costs. These crucial readings keep the Fed on
Consumer Price Index Progress Read More »
The start of February showed us how unpredictable the economy can be. We saw prices go up more than expected, fewer new houses being built, and more confidence among those who build houses. While people spent less in stores and job seekers found it challenging, there was still some good news in the mix. Understanding
Home Builders Loan: A Key to More Houses Read More »
When it comes to growing your money, buying a house is still one of the best ways to do it. The evergreen appeal of real estate for wealth building is evident from the latest reports shared by big names in housing, like Black Knight and CoreLogic, along with the National Association of REALTORS® (NAR). Their
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In February, the number of new jobs added was lower than people thought it would be. Experts guessed we’d see 150,000 new jobs, but we only saw 140,000. Even so, things aren’t all bad. January’s job numbers got a boost after a second look, and a big company that watches job trends, ADP, said that
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This year, we started off with a bang in the housing market, with a noticeable jump in the sales of homes. This uptick signals a lively market full of opportunities for those looking to buy or invest. At Jeff Brother, our goal is finding the right loan solution for the housing market, guiding you to
Finding the Right Loan Solution for the Housing Market Read More »
Introduction The housing market is often a topic of conversation, especially when home prices start to rise. The term “housing bubble” tends to make headlines, evoking memories of the 2008 housing market crash. However, it’s crucial to understand the differences between the current market conditions in 2023 and those that led to the 2008 crisis.
The 2023 Housing Market vs. The 2008 Crash: Why We’re Not in a Bubble Read More »
