Why Live in Apex, NC?

Raleigh Mortgage Group Uncategorized

Living in Apex, North Carolina, is one of the best cities in North Carolina. If you want to start a family and settle down, Apex is the place to be. Homes range from $ 350s to a million dollars; some might say there is something for everyone. You are minutes from downtown Raleigh and the Raleigh-Durham International Airport and about …

Home Sales Fall

Raleigh Mortgage Group Uncategorized

The investor outlook for inflation, economic growth, and future Fed policy remained relatively stable this week. As a result, mortgage rates ended nearly unchanged. Hurt by higher mortgage rates, sales of existing homes fell for the ninth straight month in October to the lowest level since 2011 and were 28% lower than last year at this time. Inventory levels were …

Downside Inflation Surprise

Raleigh Mortgage Group Uncategorized

While the election results had little impact on mortgage markets this week, the CPI report on Thursday caused an enormous reaction. It revealed that inflation was lower than expected, and mortgage rates declined substantially. The Consumer Price Index (CPI) is a closely watched inflation indicator that looks at price changes for a broad range of goods and services. In October, …

Why Choose Garner, NC

Raleigh Mortgage Group Uncategorized

Garner, North Carolina, established in the 1850s as a railroad stop, Garner is now a growing small town outside Raleigh and the Research Triangle Park. If you’re looking for a place to relocate to and grow a family, look no further than Garner. Garner is an all-American city that has everything you need. From schools, businesses, and government municipalities, Garner …

Another Huge Rate Hike

Raleigh Mortgage Group Uncategorized

There were two major economic events on tap this week, but only one produced much reaction. The Fed meeting on Wednesday caused investors to raise their outlook for monetary policy tightening, pushing bond yields higher, while the highly anticipated labor market data released on Friday was close to expectations overall and had little impact. As a result, mortgage rates ended …

Why Choose Wake Forest, NC:

Raleigh Mortgage Group Uncategorized

Are you looking for a new area to explore and feel at home with simultaneously? Well, look no further than Wake Forest, North Carolina. Initially founded in 1880, this town has blossomed into one of Raleigh’s busiest and bustling cities. Wake Forest is now a city that boasts many schools from K-12, shopping, entertainment centers, old historical sites, and so …

Inflation Matches Expectations

Raleigh Mortgage Group Uncategorized

This week, investors scaled back their outlook to a slightly less aggressive pace of monetary policy tightening by global central bankers to fight inflation. As a result, mortgage rates ended the week lower. The PCE price index is the inflation indicator favored by the Fed because it adjusts for changes in consumer preferences over time. In September, core PCE was …

Home Sales Fall

Raleigh Mortgage Group Uncategorized

Central bankers around the world maintained their aggressive stance on tightening monetary policy to fight inflation this week. As a result, mortgage rates reached the highest levels in over twenty years. Hurt by higher mortgage rates, sales of existing homes fell for the eighth straight month in September to the lowest level since 2012 (excluding a brief period early in …

Why CHOOSE North Hills / Raleigh Midtown

Raleigh Mortgage Group Uncategorized

It is a one-stop shop for everything in North Raleigh. Initially founded in 1960 as a strip mall, then later the North Hills Mall in 1967, the first of its kind to be enclosed- it has since turned into a coveted shopping and entertainment area in the heart of Raleigh. With even more plans for the future; for restaurants, shopping, …

High Inflation

Raleigh Mortgage Group Uncategorized

The most anticipated economic data this week, the key CPI inflation report, was higher than expected. As a result, mortgage rates increased a bit. The Consumer Price Index (CPI) is a closely watched inflation indicator that looks at price changes for a broad range of goods and services. In August, CPI was 8.2% higher than a year ago, above the …