Moving With Kids: A Quick Guide to Success

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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

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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

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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

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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

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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, …

Wage Growth Accelerates

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This week’s economic data was the main influence on mortgage rates, and stronger than expected reports on wages, manufacturing and services caused mortgage rates to move higher. In Friday’s highly anticipated Employment report, investors focused on stronger than expected wage growth. In August, average hourly earnings were 2.9% higher than a year ago, up from 2.8% last month, and the …

Housing Market Conditions

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The major economic data released this past week was roughly neutral for mortgage rates, and a speech by Fed Chair Powell contained no surprises. As a result, it was a quiet week, and mortgage rates ended a little lower. The housing market data has been somewhat disappointing this year, and the reports released this week did little to improve the …

Mixed Inflation Data

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It was a quiet week with no major surprises. Mortgage rates ended the week slightly lower. The most significant economic data released this week was the inflation data. The Consumer Price Index (CPI), the most closely watched monthly inflation report, looks at the price change for finished goods and services. Friday’s release revealed that inflation has continued to rise in …

No Surprises

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While there was major economic data released this past week and a Fed meeting, there were no significant surprises. Mortgage rates ended the week a little higher. Friday’s key Employment report came in pretty much right on target across the board. Against a consensus forecast of 190,000, the economy gained 157,000 jobs in July. However, upward revisions added 59,000 jobs …

U.S. and EU Take a Step Back

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The main influence on mortgage rates this past week was fresh news about tariffs, which was negative for mortgage rates. The major economic data came in mostly on target, and Thursday’s European Central Bank meeting contained no policy changes and had just a minor impact. As a result, mortgage rates ended a little higher. On Thursday, the Trump administration announced …