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mboyle2024-11-19T14:14:02-06:00November 19, 2024|0 Comments

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MORTGAGE MINUTE - Mixed signals coming from the mo MORTGAGE MINUTE - Mixed signals coming from the most recent economic data and political events are muddling the pathway for mortgage rates. Seemingly every economic report has both positive and negative elements that result in a stymie. Case in point last week with the inflation data in the Consumer Price Index (CPI) and Producer Price Index (PPI). The CPI and PPI both had cooler headline readings, which should support a rally to lower ⬇️ bond yields and mortgage rates, but inside the data for each report, there were components that were hotter 🔥 than expected, and those same elements also roll into the Personal Consumption Expenditure (PCE) report, which is due out later this month and could bring us a higher inflation read. This “push-pull” has also been seen in the employment sector (strong new job numbers yet higher unemployment) and retail sales (lower headline sales, yet higher “core” sales). Add the uncertainty of potential tariff implications, and you have a recipe for both the Fed and market traders alike to play “wait and see” for now. Speaking of the Fed, they have their monthly FOMC meeting this week, and are widely believed to keep the Fed Funds Rate (FFR) steady. What will be closely watched is the post-meeting commentary coming from Fed Chair Powell, and any clues to better understand what the Fed is thinking for potential cuts yet in 2025. The bottom line, there is a lot more convincing needed for mortgage rates to achieve the next rally to lower levels. 🏡💵📉 . . . . #WeCareandWeClose #mortgageloanofficer #mortgages #mortgagerates #mortgagemadesimple
Your mortgage “pot of gold” isn’t found by c Your mortgage “pot of gold” isn’t found by chance—it’s the result of partnering with a dedicated mortgage lender who understands your unique needs. 🍀 Let’s work together to make your homeownership dreams a reality. ✨ Contact @traditionmortgagemn today to start your journey. . . . . #WeCareandWeClose #MortgageExpert #HomeownershipJourney #FinancialSuccess #YourDreamHomeAwaits
Ready to take the first step towards your dream ho Ready to take the first step towards your dream home? 🏡 Before getting pre-approved, it’s essential to have your documents in order. Here’s a checklist to ensure a smooth process: ✅ Proof of income ✅ Proof of assets ✅ Employment history ✅ Identification ✅ Credit report Have questions or need guidance? We have answers! @traditionmortgagemn 📲 952.920.5100 #WeCareandWeClose #MortgagePreApproval #DocumentChecklist

 

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