Daily Rate Update: February 8th-12th

Thursday – February 11, 2021 Home borrowing costs were unchanged this week and remain at historically low levels. Freddie Mac reports that the 30-year fixed-rate mortgage held steady at 2.73% with 0.7 in points and fees. A year ago at … Read More

Daily Rate Update: February 1st-5th

Friday – February 5, 2021 January Non-Farm Payrolls rose by just 49K while December was revised lower to -227,000 from -140,000. The BLS reports that in ‘January, notable job gains in professional and business services and in both public and … Read More

Daily Rate Update: January 25th-29th

Friday – January 29, 2021 Inflation pressures rose in December as Fed members look for a general increase in prices and fall in the purchasing value of money. The Fed’s favorite inflation gauge, the Core PCE, rose 1.5% annually in … Read More

Daily Rate Update: January 11th-15th

Friday – January 15, 2021 Consumer spending fell in December as a rise in virus cases kept shoppers away from stores. Retail Sales fell 0.7% versus the 0.2% loss expected in December after losses seen in October and November. This … Read More

Daily Rate Update: January 19th-22nd

Friday – January 22, 2021 The U.S. housing market continues to be a stronghold for the economy as positive data hit the airwaves. The National Association of REALTORS® (NAR) reports that Existing Home Sales in December rose 0.7% to an … Read More

Daily Rate Update: January 4th-8th

Thursday – January 7, 2021 Home borrowing costs hit fresh record lows this week and continue to buoy the housing market. Freddie Mac reports that the 30-year fixed-rate mortgage fell to 2.65% this week with 0.7 in points and fees, … Read More

Daily Rate Update: October 27-30

Tuesday – October 27 The housing sector continues to shine and has been a key metric for the overall U.S. economy. Low rates and declining supply continue to fuel higher prices across the nation with this month’s gains in lofty … Read More

Daily Rate Update: October 20th-22nd

Tuesday – October 20 The housing sector continues to be a beacon of light for the U.S. housing market which is being fueled by ultra-low rates as well as a shift from the cities to the suburbs. The U.S. Census … Read More

Daily Rate Update: October 13-16

Tuesday – October 13 As the nation continues to reopen, small business optimism increases despite several states not fully back to business. The NFIB Small Business Optimism Index rose 3.8 points to 104.0, just below record highs after the low … Read More

Daily Rate Update: October 5th – 9th

Monday – October 5   After being decimated during the pandemic-induced shutdowns in late March, April and May, the service sector continues to rebound across the nation. The ISM Service Index rose to 57.8 in September from 56.9 in August and … Read More

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