Inman’s Post

Great article on why rates are higher than they should be by 1.7%(170bps) from the historic spread between 10 year Treasury and 30 year fix. Once the FED has signaled no more tightening this spread(rate) will become more inline historic levels.

As expected, the Fed neither hiked nor cut rates in their meeting today. With respect to the Fed's comment in the statement regarding needing "greater confidence that inflation is moving sustainably toward 2 percent" Powell has now clarified to say they already have confidence, but they just need to see more of the same type of inflation data before being sure. (See yesterday's Housing Brief below to read more). #bondmarket #housingmarketupdates #fedmeeting #interestrates

📈 Is the recent decline in interest rates sustainable? 🤔 We can find clarity by examining a single chart. While the Federal Reserve may not have complete control, their influence on rate movements is significant 🏦 They've been lauded for positive changes, but it's essential to back it with valid economic data. Enter inflation - a crucial aspect of the Fed's job 💹 Before diving into the enlightening chart, let's address another one that adds to the confusion. The Fed's preferred metric for tracking the 2% inflation target shows... Well, you'll have to read on to discover! 😮 Rest assured, the Fed isn't lowering rates just yet. They're initiating discussions on the timing of rate cuts if the downward trajectory continues as expected. Critics argue it's premature, but proponents counter that the year-over-year figures include past months with higher inflation. We can also explore month-over-month charts 📊 Curious about the whole story? Click below to enlighten yourself! #InterestRates #Fed #EconomicTrends

https://lnkd.in/gTwmPqUc The Federal Reserve has raised interest rates to combat inflation, but many experts predict it will move more cautiously — and perhaps even cut rates. Predictions are listed chronologically — experts who expect a rate cut to come soonest are listed first.

Lower Rates and Better Times Ahead? Finally, some good news. Federal Reserve Chair Jerome Powell suggested that he is pleased with this summer’s inflation decline and that the Fed is unlikely to raise interest rates again this year unless it sees clear evidence that stronger economic activity jeopardizes such progress.

When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here's what you need to know.The Federal Funds Rate Hikes Have StalledOne of the Fed’s primary goals is to lower inflation.

A string of favorable data (lower inflation, higher unemployment rate) has convinced the market that the Federal Reserve will begin cutting short-term interest rates in September, and mortgage rates are already moving lower. Let's put together a strategy for your next move! #housingmarket #realestatenews #housingmarketupdates #realestatemarket #mortgage #realestate #whatsupwithrealestate

 Happy Monday! Here were your top 3 questions today… Where are rates headed? The trend has been lower and has declined for six straight weeks. Why? Bond-friendly economic data … lower inflation across the globe, eroding job growth and weaker economic readings. What's Next? The markets look to auctions, tomorrow’s CPI reading and Wednesday’s Fed meeting and Fed Chair Powell’s press conference and may determine if yields can decline another leg further or … This morning, the Treasury offered $50 Billion 3-year notes at 11:30 EST and the more closely watched 10-year offering of $37 Billion at 1:00 pm EST. Unfortunately, the 10 Year Note Auction got graded a C- in terms of performance. The Bid to Cover was at 2.53 and was better than the one-year average of 2.47, but not considered very good overall. Direct and indirect bidders only took 82.7% of the auction compared to 85.2% which was the last one-year average. Tomorrow brings $21 Billion in 30-year bonds. Hopefully that goes better that today. The offerings are crammed into today and tomorrow given that the Fed’s monetary policy will be released at 2:00 pm EST Wednesday afternoon. More on the Fed tomorrow. The ECB, the BOE and Swiss Bank will meet this Thursday for their respective meetings. There is speculation the ECB rate cut will be coming soon as the region is threatening to slip into recession. The inflation reading Consumer Price Index will be delivered tomorrow and the Producer Price Index on Wednesday with a read on consumer spending in the Retail Sales data on Thursday. We are hoping for CPI to come off to 3-3.1% from 3.2%. Yes, it is still above 2%, but obviously it has come a long way. The shelter component of Core CPI seems to be coming off from the higher numbers we saw last year. Regarding Home prices have you heard that there is a new tool that measures changes in U.S. home prices? This comes from REDFIN. It uses the repeat-sales pricing method to calculate how sale prices of single-family homes change over time. The latest data shows that prices climbed roughly 1% from September to October. Here is the Economic Calendar to make things easier… https://lnkd.in/gj3cv74D

🏠 Did The Fed Raise Rates Today? 5 Shocking Facts 🏠 Get the full details from Mortgage Rater here 👉 https://lnkd.in/giEQmmKe #MortgageRater #MortgageTips #HomeLoans #MortgageNews #FinanceTips #HomeBuying #InterestRates #MortgageBroker

Recent volatility makes it difficult to forecast where rates will go next, but we should have a better gauge in September as the Federal Reserve determines their next steps regarding interest rate hikes.