Will mortgage rates fall significantly in 2024?

Will mortgage rates fall significantly in 2024?

When I was writing this article mortgage rates were hovering right around 7%.  At the same time economists are predicting a sharp decline in mortgage rates and a booming 2024 real estate market.  On the other hand, the chart above shows a much different picture. ...
Interest rates jump again, are they really going to decline this year?

Interest rates jump again, are they really going to decline this year?

As suspected the March consumer price index came in hotter than expected which should be no surprise to anyone buying groceries, going out to eat, or traveling, everything is considerably more expensive and there continues to be insatiable demand.  What does this mean...
Will mortgage rates fall significantly in 2024?

Will mortgage rates fall significantly in 2024?

When I was writing this article rates were hovering right around 7%.  At the same time economists are predicting a sharp decline in mortgage rates and a booming 2024 real estate market.  On the other hand, the chart above shows a much different picture.  Where do...
Fed reverses course, interest rates fall, my servicing data tells a different story

Fed reverses course, interest rates fall, my servicing data tells a different story

  Although the graph above looks like an old Atari game, it is the Federal reserve dot plot which shows a profound shift.  Ironically, just a few weeks ago the Federal Reserve was touting higher rates for longer.  Now the federal reserve has done a 180 and has...
2023 and 2024 mortgage rate predictions

2023 and 2024 mortgage rate predictions

In a WSJ survey, economists lower recession probability below 50% and say Fed is finished raising interest rates It has been quite a ride for mortgage rates over the last two years.  As of this writing mortgage rates were around 7.5% (with no points) which is quite...
CPI falls, Fed likely done raising

CPI falls, Fed likely done raising

  What does the recent CPI fall  mean for mortgage rates and real estate prices?   A broad slowdown in inflation continued in October, likely ending the Federal Reserve’s historic interest rate increases. The slowdown came below most median estimates and the...