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What’s Ahead For Mortgage Rates This Week – April 15th, 2024

by lizlaurenb | Apr 15, 2024 | Financial Reports

The Consumer Price Index (CPI) is showing higher than expected inflation, and the Producer Price Index (PPI) is showing lower than expected inflation. The two are in conflict with each other; however, the Consumer Price Index is still the far greater indicator for...

What’s Ahead For Mortgage Rates This Week – April 8th, 2024

by lizlaurenb | Apr 8, 2024 | Financial Reports

With the upcoming CPI and PPI reports this week, last week still had a number of important data points to consider. First, the non-farm payroll data, helping reveal the situation of pay versus inflation data giving an overall description of the state of the economy in...

What’s Ahead For Mortgage Rates This Week – April 1st, 2024

by lizlaurenb | Apr 1, 2024 | Financial Reports

As expected from the prior inflation reports with CPI and PPI, the PCE index had also shown the same corollary among its data points, reporting a higher than expected increase for the month of February across all products. In addition, the Chicago PMI had shown a...

What’s Ahead For Mortgage Rates This Week – March 25th, 2024

by lizlaurenb | Mar 25, 2024 | Financial Reports

While it’s not a set deal, the Federal Reserve does appear to be on track for a June rate cut, and following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight borrowing rate...

What’s Ahead For Mortgage Rates This Week – March 18th, 2024

by lizlaurenb | Mar 18, 2024 | Financial Reports

Last week’s inflation data came in at a higher rate than expected, with Price Producer Index (PPI) numbers showing more than double the expected inflation gain.With both CPI and PPI being over the target, the steadfast certainty that the Federal Reserve will cut...
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International Bankers Group | NMLS# 339877

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