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đ Rates, Bonds, and Market Stability: Whatâs Next? đ
In this episode of Mortgage, Markets, and More, I break down the latest trends in the mortgage and bond marketsâand itâs all about stability right now. đ Treasury yields dipped slightly, but mortgage rates are still holding steady at the same elevated levels weâve seen since mid-July. So, whatâs keeping things from moving? I dive into the latest data, including jobless claims đ and CPI inflation đ, to explain how these numbers might shape the Fedâs next steps. Heads up: big rate cuts arenât likely just yet.
đ Hereâs what I cover:
- Mortgage Rates Update: The 30-year fixed is at 6.63%âdown just a bit from last week.
- Inflation Watch: Core CPI came in at 3.3%, showing inflation is still a bit sticky. đ„”
- PPI Flat Growth: A bright spotâproducer prices didnât increase, hinting inflation might cool further soon.
đĄ Did You Know? If you havenât been on a property title in the past three years, you could qualify as a first-time homebuyer and access special benefits! đĄ Some programs offer lower interest rates or even grant money, though income limits and refinancing restrictions can apply.
đ Hereâs the takeaway:
- Market Stability: Expect rates to hover between 6-6.5% through the end of the year.
- Affordability Challenges: Monthly payments on a $400K loan have jumped $838 since 2021âyikes!
- Next Weekâs Highlight: Iâll be on the lookout for the National Association of Realtorsâ existing home sales report, so stay tuned for a potential double episode next week!
If youâre out house-hunting this weekend, I hope the weather cooperates âïžâperfect for checking out some open houses. And if youâve got any questions or need help with something, feel free to reach out! My contact info is in the episode description.
#MortgageRates #HomebuyerTips #RealEstateMarket #EconomicUpdate #Inflation
Watch this episode on Youtube!
Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!
Follow me on:
- YouTube
Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
[email protected]
*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.
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By Pete D'AngeloIn this episode of Mortgage, Markets, and More, I break down the latest trends in the mortgage and bond marketsâand itâs all about stability right now. đ Treasury yields dipped slightly, but mortgage rates are still holding steady at the same elevated levels weâve seen since mid-July. So, whatâs keeping things from moving? I dive into the latest data, including jobless claims đ and CPI inflation đ, to explain how these numbers might shape the Fedâs next steps. Heads up: big rate cuts arenât likely just yet.
đ Hereâs what I cover:
- Mortgage Rates Update: The 30-year fixed is at 6.63%âdown just a bit from last week.
- Inflation Watch: Core CPI came in at 3.3%, showing inflation is still a bit sticky. đ„”
- PPI Flat Growth: A bright spotâproducer prices didnât increase, hinting inflation might cool further soon.
đĄ Did You Know? If you havenât been on a property title in the past three years, you could qualify as a first-time homebuyer and access special benefits! đĄ Some programs offer lower interest rates or even grant money, though income limits and refinancing restrictions can apply.
đ Hereâs the takeaway:
- Market Stability: Expect rates to hover between 6-6.5% through the end of the year.
- Affordability Challenges: Monthly payments on a $400K loan have jumped $838 since 2021âyikes!
- Next Weekâs Highlight: Iâll be on the lookout for the National Association of Realtorsâ existing home sales report, so stay tuned for a potential double episode next week!
If youâre out house-hunting this weekend, I hope the weather cooperates âïžâperfect for checking out some open houses. And if youâve got any questions or need help with something, feel free to reach out! My contact info is in the episode description.
#MortgageRates #HomebuyerTips #RealEstateMarket #EconomicUpdate #Inflation
Watch this episode on Youtube!
Interested in getting Pre-Approved? Submit your Pre-Approval inquiry here!
Interested in your Refinance options? Submit your Refinance inquiry here!
Follow me on:
- YouTube
Peter D'Angelo | NMLS: 885309 | Branch Manager | Guaranteed Rate, Inc., NMLS 2611
[email protected]
*All information, topics, discussion is my own personal opinion and insight, not reflective of Guaranteed Rate, Inc. May contain market information for informational purposes only, not to be used as financial advice.