Mortgage Applications Reach Five-Week High
30 Second Market Update
November 20, 2023
According to The Mortgage Bankers Association (MBA), mortgage applications increased last week as mortgage interest rates continued to fall from their highest level in 23 years. The MBA said its […]
Mortgage Rate Improvement
30 Second Market Update
November 13, 2023
Over the last few weeks, we have seen interest rates decline slightly. What has been the catalyst to help rates improve? Let’s take a quick look. Interest rates are heavily […]
Homes Continue To Appreciate
30 Second Market Update
November 06, 2023
The Case Shiller Home Price Index, which is seen as the most accurate gauge of home appreciation, showed that home prices rose 0.9% for the month of August. This index […]
Inflation and Interest Rates
30 Second Market Update
October 30, 2023
The Bureau of Economic Analysis released its Inflation report on Friday called Personal Consumption Expenditures or PCE. This is also the Federal Reserve’s favorite report when it comes to measuring […]
Tight Inventory Hurts Sales
30 Second Market Update
October 23, 2023
The National Association of Realtors released their Existing Home Sales report for the month of September, and it showed that Existing Home Sales, which measures closings on existing homes, fell […]
Inflation and The Fed
30 Second Market Update
October 16, 2023
The Bureau of Labor Statistics released its Consumer Price Index which is a leading gauge of Inflation in the U.S. This report showed that headline inflation rose 0.4% in the […]
Inflation Trending Lower
30 Second Market Update
October 09, 2023
The Bureau of Economic Analysis has recently released its inflation index called Personal Consumption Expenditures (PCE). This index happens to be the Federal Reserve’s favorite gauge of inflation as well. […]
Home Prices at Record Levels
30 Second Market Update
October 02, 2023
The Case Shiller Home Price Index, which is one of the industry’s best gauges of home price appreciation, showed that home prices rose 0.6% in July. Home prices have been […]
Existing Home Sales Fall, But Not Because of Demand
30 Second Market Update
September 25, 2023
https://advisorsmortgage.com/wp-content/uploads/Advisors-Sept-25-2023-weekly-update-09242023.mp3 The National Association of Realtors (NAR) released their Existing Home Sales report for the month of August, and it showed that sales dropped 0.7%. Year-over-year the metric fell 15.3%. […]
Inflation Vacillating With a Silver Lining in The Core
30 Second Market Update
September 18, 2023
The Bureau of Labor Statistics released its Consumer Price Index (CPI) report for the month of August. The report showed that overall inflation increased by 0.6%, which was right in […]
Do Mortgage Discount Points Make Sense?
30 Second Market Update
September 11, 2023
What does paying discounts points mean? Paying a discount point means you are prepaying your interest up front on your mortgage. You are basically paying to lower your interest rate. […]
Homes Prices Back to Record Levels and Trending Higher
30 Second Market Update
September 04, 2023
The Case Shiller Home Price Index, which is one of the industry’s best gauges of home price appreciation, showed that home prices rose 0.65% in June. Home prices have been […]
