What is going to happen to mortgage rates in the next few years? That is a question on everyone’s mind, especially those who are looking to buy a home right now. Mortgage rates have doubled since their low point. Today, … Read More
Thursday – April 28, 2022 Home borrowing costs took a breather from their torrid pace higher inching lower this week. Freddie Mac reports that the 30-year fixed-rate mortgage slipped to 5.10% this week from 5.11% last week with an average … Read More
BEHIND THE AVERAGE – The S&P 500 was up +15.6% (total return) over the 1-year ending 3/31/2022, an average monthly gain of +1.22% (total return). However the index actually fell in 4 of the last 12 months, postings monthly results … Read More
Thursday – April 21, 2022 Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.11% this week from 5% last week with an average 0.8 in points … Read More
Mortgage rates have risen since the start of 2022. And it is not slowing down anytime soon. This week, Freddie Mac came out and said that the average 30-year fixed-rate mortgage is at a 5.20%. Below is a look at … Read More
Thursday – April 14, 2022 Wholesale inflation jumped to the highest level in the cycle history as producers are paying more for goods and services that they sell to consumers. The Producer Price Index rose 1.4% in March from February … Read More
Sell on the Rumor and Buy on the News! The adage dates back to the 17th century. That’s what investors and traders did today after the market received the highest annual consumer inflation data since December 1981. We are getting … Read More
Thursday – April 7, 2022 Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 4.72% this week from 4.67% last week with an average 0.8 in points … Read More
EATING AT HOME – US grocery prices, i.e., “food at home,” increased by +8.6% over the year ending 2/28/2022. That compares to a +3.5% price increase for groceries for the year ending 2/28/2021 and a +0.8% price increase for the … Read More
Friday – April 1, 2022 The Bureau of Labor Statistics reports that there were 431,000 jobs created in March, below the 490,000 expected. This is down from 750,000 in February which was revised up from 678,000. The Unemployment Rate fell … Read More