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25 BPS in Price on Purchase Loans Ideal for borrowers in eligible rural areas as defined by the USDA. Highlights include: Best-in-class customer service Minimum 550 FICO No reserve requirements 100% financing on appraised home value for qualified borrowers Manufactured homes may be eligible If you have any questions or would like to discuss this […]

Last week in Review: Good Economic News is Bad News for Rates Last week, interest rates spiked on good economic news as fears of a recession fade. Let's discuss the big news of the week and gear up for important events in the week ahead. The June Fed Meeting Minutes Out "Some participants indicated they […]

Interest rates continued their sideways trend as we close the first half of 2023. Let's discuss what happened last week and look into the future. The European Central Bank forum was the main event this week. Central bankers from across the globe, including our Fed Chair, Jerome Powell spoke about the state of their countries […]

Last week, interest rates held near the best levels in a month as Fed Chair Powell testified on Capitol Hill. Let's discuss the big news last week and gear up for important events in the week ahead. Powell on the Hill "Given how far we've come, it may make sense to move rates higher but […]

Last week the Federal Reserve decided to pause their string of rate hikes for the first time in 15 months, yet long term rates moved higher. Let's discuss what happened and look at the events to watch for this week. Higher For Longer Still On Wednesday, the Federal Reserve made a decision to not hike […]

This past week interest rates ticked higher in response to a surprise rate hike from above our Northern border. Let's discuss what happened and talk about the big week ahead. Oh Canada As the saying goes, "Where there's smoke there's fire". A big news story this past week was the Canadian wildfires raging and sending […]

This past week interest rates moved lower on optimism the debt ceiling will be lifted and on surprisingly low inflation out of Europe. Let’s discuss what happened and investigate the week ahead. Debt Ceiling Fix Coming  As of this writing, the House of Representatives passed a bill to suspend the U.S. debt limit through the […]

This past week interest rates ticked higher in response to the still unresolved debt ceiling debate. Let's look at what happened last week and discuss events to watch for this week. Debt Ceiling Fallout As of this writing, there has been no resolution to the debt ceiling debate, where Congress and the White House agree […]

This past week, mortgage rates held near the best levels of the last several months in response to the lowest inflation reading in two years. Let's discuss what happened and have a look at this week. Inflation Moving Lower The Consumer Price Index (CPI) for April, a closely watched reading on consumer inflation, was reported […]

This past week the Federal Reserve raised rates for the 10th time in a little over a year. Let's discuss what happened and see what this week has in store for us. The Last Hike? As we expected, the Federal Reserve raised the Fed Funds Rate to a range of 5.00% - 5.25%. Remember, this […]