Why Buy a House In Charlotte, NC?

Raleigh Mortgage Group Uncategorized

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 …

Mixed News

Raleigh Mortgage Group Uncategorized

It was a packed week for major economic events. The comments from Fed officials and the inflation data were favorable for mortgage markets, while the labor market report was not, and mortgage rates ended the week a little lower. In a speech on Wednesday, Fed Chair Powell acknowledged that some progress has been made in bringing down inflation but added …

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 …