Why Should I Live in Raleigh, North Carolina

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Raleigh, North Carolina, is a vibrant and growing city that offers its residents a high quality of life. If you’re considering a move to Raleigh, it’s an excellent place to live, work, and relax! Raleigh is part of the Research Triangle, a region home to thriving technology and research industries. This means plenty of job opportunities in various fields, from …

Inflation Eases

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There were no significant surprises in the major economic data released this past week. As a result, mortgage rates ended nearly unchanged.  The PCE price index is the inflation indicator favored by the Fed because it adjusts for changes in consumer preferences over time. In December, core PCE was up 4.4% from a year ago, matching expectations, and at the …

Why buy a home in Charlotte North Carolina

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A robust southern city, Charlotte is a few short hours away from the mountains and the white sandy beaches on the coast. Charlotte has a lot to offer people from all walks of life. Ranked the second-largest banking sector in America behind New York City, Charlotte is consistent with financial growth and urban development. Even though Charlotte is a bigger …

Consumer Spending Falls

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It was a volatile week for mortgage markets, but most of the movement was offsetting, and rates ended just slightly lower. Of all the economic reports released this week, weaker than expected retail sales data was the primary influence.  Since consumer spending accounts for over two-thirds of US economic activity, a large increase in October raised investor optimism for a …

Why should you consider living in Fuquay-Varina?

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Are you looking for a fun and exciting place to live and grow your family? Experience Fuquay like you never have before. A short trip outside of Raleigh, the Town of Fuquay-Varina has blossomed over the past twenty years and is now one of North Carolinas best cities in the state. Fuquay is rising; it features two historic downtown districts, …

Inflation Slows

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During a light week for economic news, investors focused their attention on the CPI inflation data on Thursday. This report contained no surprises, however, and mortgage rates ended the week a little lower.  The Consumer Price Index (CPI) is a closely watched inflation indicator that looks at price changes for a broad range of goods and services. Core CPI excludes …

Rolesville North Carolina

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Rolesville, North Carolina is a beautiful suburb of Raleigh tucked away in the northeastern part of Wake County. Incorporated in 1837, Rolesville is the second oldest town in Wake County with roots as a small farming community primarily focused on cotton. This beautiful city has grown by an astounding 150% in the last 10 years! The most recent census recorded …

Wage Growth Slows

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After two years of exceptionally low mortgage rates, a major change took place in 2022. To help support economies during the pandemic, global central banks and governments flooded the financial system with money, which eventually caused inflation to surge. To bring inflation back under control, central banks had to aggressively tighten monetary policy last year, causing mortgage rates to rise. …

Central Banks Tighten

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Keeping in mind that slower economic growth and lower inflation are favorable for bonds, a wide range of major economic news this week was mostly positive for mortgage rates. Both the US Fed and the European Central Bank announced the expected rate hikes this week and emphasized the need for additional tightening, perhaps even more than investors had anticipated. In …

Service Sector Gains

Raleigh Mortgage Group Uncategorized

With little major economic news this week, and several key events on tap for next week, mortgage markets were relatively quiet. As usual, trading volume has been declining as we approach the end of the year. Mortgage rates ended the week slightly higher. The most significant economic report released this week revealed unexpected strength in service industries in November. The …