Bob Ramalho

Berkshire Hathaway - Verani Realty

  • Home
  • About
  • Info
    • First Time Seller Tips
    • First Time Buyer Tips
  • Reviews
  • Blog
  • Search for Properties
  • Contact

Bob Ramalho May 20, 2024

What’s Ahead For Mortgage Rates This Week – May 20th, 2024

The prior week showed a surprising display of inflation,  in that for consumers, it was less than expected. This is giving way to some optimism that inflation is on the right track to being under control.

On the other end of the spectrum, for producers, inflation had shown to be slightly higher than expected. But the far higher impact of the two reports is the Consumer Price Index. 

The Federal Reserve had still stuck to their stance as from the last FOMC opting to withhold any rate reduction decisions until late in the year, but the data coming in largely on a positive note has changed the previously highly negative outlooks into a neutral stance.

Consumer Price Index

The cost of consumer goods and services rose 0.3% in April, largely because of higher oil prices and housing costs, as inflation remained elevated in key parts of the economy. Yet the increase in the consumer price index last month fell below the 0.4% forecast of economists polled by The Wall Street Journal.

Producer Price Index

U.S. wholesale prices jumped 0.5% in April in another sign of sticky inflation. Economists polled by the Wall Street Journal had forecast a smaller 0.3% increase in the producer price index.

Primary Mortgage Market Survey Index

  • 15-Yr FRM rates are seeing a decrease by -0.10% with the current rate at 6.28%
  • 30-Yr FRM rates are seeing a decrease by -0.07% with the current rate at 7.02%

MND Rate Index

  • 30-Yr FHA rates are seeing no change for this week. Current rates at 6.62%
  • 30-Yr VA rates are seeing no change for this week. Current rates at 6.64%

Jobless Claims

Initial Claims were reported to be 231,000 compared to the expected claims of 214,000. The prior week landed at 208,000.

What’s Ahead

Extremely light week ahead after the inflation data releases. Heading up the most influential releases, the FOMC minutes will be highlighting potential plans for the future of rate decisions, among the regular job data releases.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Berkshire Hathaway Logo

Connect with Me!

How can I help?


0 / 180

Looking For Something?

Recent Articles

  • How to Stage a Home Without Furniture Using Creative Tricks with Lighting, Scent, and Small Details
  • How a Bad Buyers Agent Can Hurt Your Sale and How to Protect Your Deal
  • Why a Messy Neighbor Can Kill a Sale (And What Sellers Can Legally Do About It)
  • What’s Ahead For Mortgage Rates This Week – May 27th, 2025
  • Honoring Our Heroes and Celebrating the Meaning of Home
  • Inspecting Foreclosures Before You Buy
©2024 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.

 

Equal Housing Opportunity

Our Location

Berkshire Hathaway HomeServices Verani Realty
One Verani Way
Londonderry, NH 03053

Return to top of page

Copyright © 2025 Bob Ramalho. All rights reserved.   Log In