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 »
In 2023, the housing market showed some interesting trends. Even though fewer homes were being bought and sold. The amount of money people owed on their mortgages went up to an average of $244,498. But this increase wasn’t as sharp as in previous years. Home prices across the country rose by 5.5% up until the
Paying Off Your Home Faster with Refinancing Savings Read More »
Introduction In today’s environment of rising mortgage rates, many homeowners are reluctant to “move up,” or upgrade to a better home. However, if you look at the bigger financial picture, particularly when considering debt consolidation, a move could actually be financially beneficial. In this blog post, we’ll delve into why higher mortgage rates shouldn’t be
Moving Up with Debt Consolidation: Why Higher Mortgage Rates Shouldn’t Hold You Back Read More »
