The economy is showing a lot of potential, even with some mixed data. While unemployment has slightly increased to 4.6% and job growth came in a bit below expectations, this actually opens up the opportunity to refine our understanding of the economic landscape. The Consumer Price Index showed encouraging annual decreases, and though there are some questions around the methodology, it leaves room for more optimistic readings in the future. This means that the Fed could keep i

Mortgage rates held steady again last week as the Federal Reserve trimmed the Fed Funds rate and reinforced a measured, supportive approach to monetary policy. The move reflects the Fed’s confidence that inflation is becoming more manageable, giving policymakers greater flexibility to support continued economic growth and a healthy labor market. While there were a range of opinions among Fed members, the decision underscores a clear commitment to maintaining stability. During

This week delivered encouraging news as mortgage rates edged slightly lower, supported by economic data that continues to show an economy moving forward with stability and resilience. The ISM Manufacturing Index dipped just 0.5%, remaining steady without any sharp shifts, while the ISM Services Index inched up 0.2%, signaling ongoing, healthy growth in the service sector. September’s PCE report reflected inflation holding just below 3.0%, a sign that price pressures are gradu

The economy is showing signs of resilience, and while there’s still some uncertainty, there’s plenty of reason to be optimistic. Mortgage rates have remained stable, which reflects the market’s cautious optimism as investors wait for more clarity on economic conditions. The labor market is holding steady, with low jobless claims signaling strength, even as the rise in continuing claims suggests companies are maintaining their current workforce without aggressive layoffs. It’s

Last week's economic data brought some truly encouraging signs that the economy is holding strong. The jobs report exceeded expectations, with 119,000 new jobs created, a great indication that the labor market remains robust. Even though the unemployment rate ticked up slightly, it’s a positive sign that more people are confident enough to enter the workforce. This is a great indicator of a healthy, expanding job market. Additionally, Existing Home Sales rose 1.2%, showing th

The end of the government shutdown has brought some much-needed stability to the mortgage market, and while a few data points are missing, this situation also presents a unique opportunity for adaptability. Mortgage companies are well-equipped to navigate these changes, using the available data to make the best decisions moving forward. This week’s October payroll data will be pivotal. If it shows steady job growth, it could further strengthen confidence in the economy, poten

Mortgage rates moved modestly higher last week as the government shutdown reached a historic point, but overall sentiment in the market remains steady and resilient. Even with limited government data available, private-sector reports continue to highlight underlying strength and adaptability in the U.S. economy. The ISM indices reflected a healthy balance — manufacturing activity softened slightly, while the services sector continued to expand, demonstrating ongoing momentum

“What do you do if you're driving in the fog? You slow down,” said Fed Chair Powell after the Federal Reserve announced a quarter-point rate cut. Markets were well-prepared for this move, and Powell’s comments suggested the Fed may take a brief pause at its December meeting to evaluate progress before making its next move. This measured approach shows confidence in the overall direction of the economy while allowing time to ensure stability and sustainable growth. Even with s

Mortgage rates have taken a positive turn, edging lower with the recent Consumer Price Index release. The annual headline number came in at a promising 3.0%, down 0.1%, while the core reading, which excludes volatile components, remained steady at 3.0%, showing just a slight increase of 0.1%. With the government shutdown reaching unprecedented lengths, the Fed is set to meet this week to assess and guide the nation’s monetary policy. While some private economic data has been

Mortgage rates are continuing their steady downward trend, creating exciting opportunities for homebuyers and homeowners alike. While the government shutdown has temporarily delayed some official reports, markets are showing resilience by turning to reliable private and secondary data sources. The Federal Reserve’s latest Beige Book has boosted confidence that a quarter-point rate cut is likely on the horizon. It painted a picture of an economy in transition—with inflation re

Rates continued to trend downward last week, creating a more favorable environment for borrowers. With the temporary pause in federal economic data during the government shutdown, markets have been turning to private-sector insights—highlighting the strength and adaptability of the broader financial landscape. While the short-term data delay may create some added market movement once information resumes, it also opens the door to new opportunities. The good news is that the a

Although the U.S. government experienced a brief pause last week due to a delayed budget agreement, financial markets remained calm, and...

The Federal Reserve delivered a quarter-point rate cut last week, and mortgage rates responded by trending lower. While future moves will...

Economic data last week reinforced optimism that the Fed may ease rates at its upcoming meeting. The recent employment report, together...

Following last week’s employment report, the market now fully expects the Federal Reserve to lower interest rates at its next...

Mortgage rates remained stable last week, providing a continued window of opportunity for buyers and homeowners looking to secure...

Momentum is building for a potential rate cut at the Fed’s next meeting in September, especially after Fed Chair Powell’s encouraging...

Mortgage rates continue their gentle slide downward, creating exciting opportunities for homebuyers and homeowners alike. Much of this...

Mortgage rates trended lower for most of last week, offering welcome relief to borrowers as markets responded to the latest employment...

The Federal Reserve held interest rates steady as expected, and signs point to a more balanced and sustainable pace of economic growth....