Mortgage rates, at least in the very short term, could have a neutral-to-positive reaction to the most recent Consumer Price Index report. In the long run, originators might have to plan marketing strategies around an inflationary environment. Processing Content This week’s CPI/PPI results leave a message for consumers about the housing market. “For home buyers, […]
Rising rates force concessions: reach sideline buyers Read More »
Jumbo lending credit retreated last month, pulling down overall availability of a leading home loan product index, according to the newest report from the Mortgage Bankers Association. Processing Content On the ground, though, some lenders find certain large-balance transactions proceeding as usual, with data suggesting highly regional variations in today’s housing market, while borrowers might
Lenders see robust jumbo market despite tightening credit Read More »
Key insight: Price growth continued to run above the Federal Reserve’s 2% target in August, but remained consistent with recent months. The central bank will have to decide if that trend is moving up or down. Expert quote: “To paraphrase John Lennon, I’m willing to give disinflation a chance.” — Federal Reserve Gov. Christopher Waller
Modest CPI reading gives Fed no clear direction on rates Read More »