Market Update
May 5, 2023
Fed’s latest hike pushes mortgage rates down
A 10th straight hike brought us to a 16-year high of the federal funds rate this past week as the Federal Open Market Committee approved a 25-basis point rate increase. Now, the overnight lending rate stands at 5.25%. The move was highly...
Press Enter to Search
Categories
Economy slowing, but inflation is persisting
April 28, 2023
Positive economic data helping keep a lid on rates
April 14, 2023
Labor market cooling off, so are mortgage rates
April 7, 2023
