Focus on Fed

Raleigh Mortgage Group Uncategorized

Wednesday’s speech by Fed Chair Powell was favorable for mortgage rates, while the recent economic data caused little reaction, and rates ended the week lower. Similar to recent comments from other Fed officials, Fed Chair Jerome Powell’s speech hinted at a slower pace of monetary policy tightening, which was good news for both stocks and bonds. Of note, Powell said …

Focus on Global Events

Raleigh Mortgage Group Uncategorized

The primary influences on mortgage rates this week came from outside the U.S. Concerns about the pace of global economic growth and uncertainty about British plans for exiting the European Union were favorable for rates, while the U.S. economic data had little impact. The net effect was that mortgage rates ended the week lower. Investors reduced their outlook for global …

Strong Labor Market Data

Raleigh Mortgage Group Uncategorized

Stronger than expected labor market data was the primary influence on mortgage rates this past week. The stock market remained volatile and posted gains for the week. Mortgage rates ended a little higher. Friday’s heavily watched Employment report showed that well above average improvement in the labor market continued for yet another month. Against a consensus forecast of 190,000, the …

Strong GDP Growth

Raleigh Mortgage Group Uncategorized

Weakness in the stock market was good for mortgage rates this week, while the major economic data was mixed and had little impact. As a result, mortgage rates ended the week lower. As was the case this week, stock prices and bond prices often move in opposite directions. The simple reason is that most economic events are influential because they …

Fed’s The Focus

Raleigh Mortgage Group Uncategorized

The primary influence on mortgage rates this past week was the Fed minutes, which were considered to be modestly negative. The major economic data released this week was generally weaker than expected, but its impact was minor, and mortgage rates ended a little higher. The minutes from the September 26 Fed meeting released on Wednesday contained no major surprises, but …

Moving With Kids: A Quick Guide to Success

Raleigh Mortgage Group Uncategorized

Article written by Alexis Hall Children are notorious for fighting change. And moving to a new home is perhaps the biggest change of all. Keep reading for helpful hints on ways to ease the pain of the process.  Do your research The most important thing you can do as a parent is research potential new neighborhoods well in advance. While …

Strong Data

Raleigh Mortgage Group Uncategorized

Since it raises the outlook for future inflation, the stronger than expected economic data released this past week was bad news for mortgage rates, and rates reached their highest levels in many years. The biggest surprise in the data released this week came from Wednesday’s report on the services sector of the economy. The ISM national services index surged to …

Fed Raises Short-Term Rates

Raleigh Mortgage Group Uncategorized

The two biggest economic events this past week, Wednesday’s Fed meeting and Friday’s inflation data, both were favorable for mortgage rates overall, and rates ended slightly lower. As widely expected, the Fed raised the federal funds rate, the overnight rate at which banks lend reserves to each other, by 25 basis points, and the statement released following the meeting contained …

Multi-Year Highs

Raleigh Mortgage Group Uncategorized

A rally in the stock market drew assets away from bonds this week, which was negative for mortgage rates, while the economic data released this week caused little reaction. As a result, mortgage rates rose, reaching the highest levels in several years. Current economic conditions provide many reasons for improving levels of home sales. These include record highs in the …

Rates Inch Higher

Raleigh Mortgage Group Uncategorized

Although this past week’s major U.S. economic data and European Central Bank meeting contained more good news than bad for mortgage rates overall, rates ended slightly higher. The most recent inflation data came in at lower than expected levels. The Consumer Price Index (CPI), a widely followed monthly inflation report that looks at the price change for goods and services, …