Hello,Barry & Kim with the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ hope that you and yours are doing good.10/22/2021 - Hot off the press please find info from the
Weekend Interest Rate Commentary - 01 12 2019
Dated: January 12 2019
Commentary from one of our lenders:
To the relief of non-mortgage investors nationwide, a strong rally in US stock markets this week took a bit of the sting away from recent sell-offs. Normally such a rally would have adversely affected mortgage interest rates but mortgage investors breathed a sigh of relief this morning as the headline Consumer Price Index fell for the first time in nine months as reported by the Labor Department. Most importantly, the “core” rate of inflation, the Fed’s favorite measurement of national inflation, rose at a very modest 0.2% on a month over month basis so mortgage rates settled in for the weekend. Let’s enjoy it while we can as most investors still believe that once the government shutdown is fixed, rates will begin to ascend back into the 5% range.
Looking ahead to the coming week, the economic calendar will feature the December producer price index followed by December retail sales and the December housing starts and building permits numbers. The week will wrap up with the release of the industrial production and capacity utilization figures on Friday. Not a lot of meat in these economic reports typically so trading in the stock markets next week will largely determine the trend trajectory of mortgage interest rates. Higher stock prices will tend to drag mortgage interest rates higher while lower stock prices will tend to support steady to fractionally lower rates.
Please reach out To Kim and Barry for more information & Updates, Thanks, Barry@SWFLLuxury.Com
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