top of page
Search

Mortgage Market Update

  • Writer: Shaun Kent
    Shaun Kent
  • Mar 29, 2022
  • 1 min read

The reality of relentless inflation and a Federal Reserve prepared to respond in kind drove all interest rates higher last week. Fed Chair Powell stated that nothing prevents the Fed from increasing its rates by 0.50%. While factually accurate, it has been more than 20 years since we’ve seen a half-point move by the Fed. Some analysts are even suggesting that the Fed might be forced to increase rates by 0.75% at the next meeting. Fortunately, the economy does appear to be firing on all cylinders, and the labor market continues to show signs of full employment.

After a rough week, this week could be another challenging week. Consumer Confidence, GDP, PCE Prices, the ISM Manufacturing Index, and the monthly employment numbers are all due this week. The market is biased to push rates higher, but if we finally get some inflation relief in the PCE data, rates may not move quite as aggressively as last week. The war in Ukraine could continue to provide some unpredictable influences in markets, creating both upward and downward pressure on rates. - Shea Oliver, MyProNewsletter


 
 
 

Comments


Bend, OR

225 Scalehouse Lp. Suite 102

Bend, OR 97702

Albany, OR

2370 14th Ave. SE

Albany, OR 97322

Eugene, OR

1144 Willagillespie St. Suite 31

 Eugene, OR 97401

Hermiston, OR

1000 N 1st. St. Suite B

Hermiston, OR 97838

Lincoln City, OR

2730 NE Highway 101

Lincoln City, OR 97367

Salem West

675 Orchard Heights Rd, NW

Salem, OR 97304

Salem Corporate

1255 Lee St SE Ste 110

Salem, OR 97302

Kennewick, WA

7404 West Hood Place, Suite 100, Kennewick, WA 99336

Vancouver, WA

10000 NE 7th Ave, #395

Vancouver, WA 98685

bottom of page