The week for the Federal Reserve’s rate decision has finally come. This is the week everyone has been waiting which will decide whether we will see any rate cuts this year. There has been a lot of speculation that this will be the first rate cut and likely more in the future. With the Federal Reserve giving hints the data has been on track, the outcome of one seems very likely. With the previous week's CPI and PPI statistics coming in, which both were slightly warmer than expected, the … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 9th, 2024
This week, the most important release of the year regarding inflation data will occur. Once again the CPI and PPI take the front stage clearing the way for rate cuts made by the Federal Reserves. Based on several indicators, there is strong confidence that if the upcoming inflation data meets expectations, we could see interest rate cuts before the year ends. In addition to the inflation data, the Consumer Credit reports will be released early this week. Both lending partners and the … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 3rd, 2024
With the PCE Index data coming in as exactly as expected and the Federal Reserve signaling a strong potential for a rate cut, there is much optimism we will be seeing a rate cut this year if not the start of the next year. Among the PCE inflation data reports were the GDP initial figures, which projected the economy has grown faster than expected. Additionally, Personal Income data has also grown faster than expected. Both are very positive signs with inflation finally showing signs of flagging … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 26th, 2024
Last week's light release schedule suggests that the Federal Reserve may be planning to cut rates this year, as most inflation data align with this expectation. This week, the only notable releases are the minor FOMC Minutes and the U.S. leading economic indicator index. While these indicators came in slightly worse than expected, the results are not significant enough to impact the upcoming rate decision.U.S. Leading Indicators The leading index for the economy fell 0.6% in July, the fifth … [Read more...]
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