Mortgage Broker🤑Solution Leader ✨As Seen in Fortune Dec 23’/Jan 24’ 5 Star ⭐️ Mortgage Professional 🙌5️⃣Year Winner🏆 VA 🇺🇸Specialist NMLS1075410 CA TX & FL
Weekly 🗞️ Wrap Up
The inflation data for February was a bitter pill for markets 🤢
The yearly core Consumer Price Index increased by 3.8%, 0.1% higher than expected The yearly core Producer Price Index increased by 2.0%, 0.1% higher than expected
NMLS 1075410
#mortgagerates
Weekly News Roundup 📰
Minutes from the last FOMC revealed that 🏦the Fed was worried about cutting rates too soon
⚡️20-year bond Auction which had very little demand, another bad sign for markets
NMLS 1075410
https://t.co/bOaApDCmab
Market reaction Swap= weaker Q3 unit labor costs, slowing JOLTS job openings, central banks relaxing rate hikes & now the soft October employment report increasing the odds there won’t be anymore rate increases combined this week to drop rates.
Nmls 1075410 #orangecountyca
Uncertainties remain in the market. Inflation is a concern that in California, so many good programs are unrolling.
NMLS 1075410
#valoans#fhoans#California#newprograms
Government Shutdown Alert! ⏰🔒 Saturday at 12 pm is the deadline. Let’s hope it’s short-lived! 🙏
⚠️ A prolonged shutdown could disrupt data flows & create confusion for the Fed and economy watchers. 📊🤔
NMLS 1075410
Lots of Movement in Markets across the board let’s get into it.
🇺🇸 Sees Economy being stronger than they did in June, Projections increased, put pressure on interest rates
https://t.co/XL1J1bS7Fm
Watch video ☝️
NMLS 1075410
#homebuyertips#realestatetips#mortgagetips#ca
https://t.co/MRJsYpzPjp
Watch Video 👆
😳What Can Impact Rates this week?
Expect Lots Of Volatility this week as we wait for Wednesday 🇺🇸 Policy and Projections.
NMLS 1075410
Watch Video -
https://t.co/l7aw7S1VwF
Fed Chair Powell 🏦 stands firm on fighting inflation
~With the conclusion of the Jackson Hole Economic Symposium Powell remains committed to reducing inflation
🔑Inflation remains above the Fed’s 2.0% goal
Nmls 1075410
Powell says the Fed isn’t finished & will continue to bring inflation down
Bank of England surprised markets by increasing key rate by 50 bps
Markets remain divided on the future of the economy with half predicting a recession
A volatile week without much change.
NMLS 1075410