26
Dec
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – December 26, 2023

The final release of the GDP figures are the last large releases of the year before moving into Q1 of 2024, with the GDP report showing the economy had shown growth — particularly in Q3 with it tapering off by the end of the year. While the growth had been strong, it still was less than expected by analysts, however the final numbers do indicate we are on a track for a soft-landing and with the potential to all-together avoid a potential recession. The only other reports of note were the Personal Spending and PCE Index Prices. GDP 2023 (Final)The…
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18
Dec
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – December 18, 2023

With both CPI and PPI reports well within expectations, there is a favorable reception across the broader market spectrum that these reports are a strong sign that the Federal Reverse will begin rate cuts in 2024. A soft landing for the economy is the primary goal of the Federal Reserve, and it would seem their measures have had the intended impact with the Jobless claims seeing a recent new low and many of the primary economic signals pointing to a stable 2024. Consumer Price Index The numbers: The cost of living rose a scant 0.1% in November thanks to lower…
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11
Dec
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – December 11, 2023

This will be another light week before the next large releases of the CPI and PPI data. The overall unemployment numbers have been trending lower which will likely leave the Federal Reserve board in a state of suspension. They have made many assertive statements they do not intend to cut rates soon, but the signs of a soft landing for the economy are numerous, leading to much speculation about impending rate cuts. As a general indicator, lending partners have seen a near 6 week-to-week decline in lending rates. The largest data releases this week are the U.S. Unemployment Reports and…
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04
Dec
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – December 4, 2023

The first week of December's largest reports are the GDP estimates, which will be the second estimations of the year prior to the final release. The final GDP reports will be after the new year and are the strongest indicator for the economic state of the country. With the Federal Reserve aiming for a soft landing for the economy, it is important for the GDP and inflation statistics to be in parity with each other. The last but also very important releases for the end of the year are the Personal Income and Spending data. GDP Estimates (First Release) The numbers: The U.S. economy grew at…
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13
Nov
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – November 13, 2023

The week following the FOMC rate decision meetings are typically very light, with the two most influential releases being the University of Michigan Consumer Sentiment and the weekly Job Claims reports. The more positive news is mortgage lending rates have been on the decline in the last two weeks. Consumer Credit Reports Consumer sentiment fell in November for the fourth month in a row due to tensions with the Middle East and there is lingering hawkishness from the Federal Reserve, which could spell continued rate hikes in the future. The preliminary reading of the sentiment survey declined to 60.4 from…
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06
Nov
By Adrian Willanger
1 Comment
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – November 6, 2023

The most important data of the quarter was released, signaling the direction for many markets and where economic policy may be headed. Jerome Powell as well as other members of the Federal Reserve spoke about the state of economic policy, informing many parties about their decisions to remain hawkish or dovish in their approach. Further rate hikes could tell a story that inflation is not yet under control and the Federal Reserve feels the need to continue these rate hikes, which will have a significant impact on the lending markets as a whole. FOMC Rate Decision While Fed Chair Jerome…
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