Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Recent economic data brought significant relief, with both the CPI and PPI indicating that inflation was running cooler than expected. In the context of the current administration, this was welcome news, helping to ease concerns about potential monetary policy changes. The Federal Reserve has very frequently signaled they will follow the data and this time… Continue reading What’s Ahead For Mortgage Rates This Week – January 21st, 2025
In the first FOMC Minutes of the year, the Federal Reserve signaled strongly that while officials remain vigilant for inflation exceeding their expectations, they have no plans to raise interest rates. Much of the apprehension among speculators is the monetary policy which could keep inflation higher than expected for some time. Meanwhile, unemployment reports indicate… Continue reading What’s Ahead For Mortgage Rates This Week – January 13th, 2025
With the holiday season coming to a conclusion, there was little in the way of data releases. Last week, the main reports were the Chicago Business Barometer and the ISM Manufacturing Index, both indicating a slight contraction in the manufacturing sector. This comes as we await the upcoming administration change at the White House. The… Continue reading What’s Ahead For Mortgage Rates This Week – January 6th, 2025
As we step into 2025, I want to express my heartfelt gratitude to all my clients and those considering the journey to homeownership. A new year means fresh opportunities to turn your dreaExpressing Gratitude to Clients and Aspiring Homeowners – Your Journey to Homeownership, Refinancing, and Investment Begins Now. Turning Dreams into Reality with Health,… Continue reading Cheers to New Beginnings and New Opportunities in 2025!
The rate cut by the Federal Reserve was hotly anticipated, and as predicted, they proceeded with the reduction, signaling the possibility of further cuts depending on inflation data. Although markets were generally receptive to the positive news, other government-related issues had dampened the high spirits temporarily. Outside of the rate decision, the PCE Index (the… Continue reading What’s Ahead For Mortgage Rates This Week – December 23rd, 2024
Last week featured a light release schedule, with the key highlights being the CPI and PPI reports. The CPI has proven to be exactly within expectations, signaling the Federal Reserve should be on track for another planned rate cut. However, this was offset by higher-than-expected PPI inflation. Despite these mixed signals, both indicators show stable… Continue reading What’s Ahead For Mortgage Rates This Week – December 16th, 2024
With the CPI and PPI scheduled for release in the upcoming week, the previous week was lightly peppered with a small amount of impactful financial data releases. The highlight was the S&P Manufacturing PMI, which reported final numbers for the year showing better-than-expected improvements in the manufacturing sector. Unemployment data also aligned with expectations, reinforcing… Continue reading What’s Ahead For Mortgage Rates This Week – December 9th, 2024
With the release of the latest CPI and PPI data, inflation has increased month-to-month for the first time since March, marking the first rise in over seven months. The Federal Reserve has reiterated its goal of reducing inflation to a 2% target within a year. While this development doesn’t necessarily indicate an imminent interest rate… Continue reading What’s Ahead For Mortgage Rates This Week – November 18th, 2024
This week, the Federal Reserve’s preferred inflation data was released, and the results met expectations. This, along with recent GDP estimates, employment reports, and personal income/spending figures, paints a stable economic picture. It suggests that we may be on track for the Federal Reserve’s next round of rate cuts. The Federal Reserve has consistently stated its 2% inflation target and current figures show inflation at 2.1%. This indicates that a ‘soft landing’ for the economy could be within reach.
This week, the Federal Reserve’s preferred inflation data was released, and the results met expectations. This, along with recent GDP estimates, employment reports, and personal income/spending figures, paints a stable economic picture. It suggests that we may be on track for the Federal Reserve’s next round of rate cuts. The Federal Reserve has consistently stated… Continue reading What’s Ahead For Mortgage Rates This Week – November 4th, 2024