Mortgage Rates Start Higher, But Fall After Economic Data

The Federal Reserve is far from the only game in town when it comes to exerting influence on interest rates.  That's a loaded statement, of course, considering we spent last week explaining why mortgage rates often go the  opposite direction from a Fed rate cut/hike.  True to form, ra

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Mortgage Rates Move Slightly Higher to Start New Week

Mortgage rates rose modestly last week after hitting long term lows before the Fed announced its 0.50% rate cut.  In not so many words, mortgage rates had already gotten in position for that cut and were thus left to undergo a mild correction. The new week threatens to extend that corrective mo

The Wild Week That Wasn't

Credit where credit is due: the rate market did an outstanding job of getting out in front of the Fed rate cut as well as the changes to the Fed's rate cut outlook as communicated in the summary of economic projections (SEP).   The SEP contains the proverbial "dot plot" that shows each Fed