Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
With so little in the way of data releases following the previous week’s FOMC Rate Decision, we’re left with a small release schedule with Consumer Credit and U.S. Trade Deficit rounding up the reports. While relatively light indicators of the current health of the economy, they are still useful for determining more impactful trends in… Continue reading What’s Ahead For Mortgage Rates This Week – August 12th, 2024
The Federal Reserve’s decision to maintain the current interest rates has paved the way for a potential rate cut in September. While this news has been met enthusiastically by lending partners, the broader markets have indicated a slightly less warm reception despite both the data and Federal Reserve’s intentions being a match. Until September, we… Continue reading What’s Ahead For Mortgage Rates This Week – August 5th, 2024
Following the release of the PCE Index figures, which the Federal Reserve prefers as its key inflation metric, the data indicates a slight increase in inflation for the third quarter. Nonetheless, market sentiment remains unchanged, and the prediction that the Federal Reserve is on track to implement rate cuts this year holds firm. Saddled along… Continue reading What’s Ahead For Mortgage Rates This Week – July 29th, 2024
The week after the inflation data reports was expected to be relatively quiet, with the most significant event being a meeting with Federal Reserve Chairman Jerome Powell. He remained tight-lipped about when rate cuts would happen, but given his demeanor, he did not deny that rate cuts were on the way — simply that he… Continue reading What’s Ahead For Mortgage Rates This Week – July 22nd, 2024
With lofty expectations, the CPI delivered a lower-than-expected inflation increase, leading to a positive uptake across many lending partners and markets. However, the PPI was on the opposite end of that, with a higher-than-expected inflation rate increase, muting the positive response from the CPI data release. The outlook for a rate cut this year has… Continue reading What’s Ahead For Mortgage Rates This Week – July 14th, 2024
Following the release of key data such as the FOMC rate decision and CPI and PPI inflation reports, only the PCE Index reports remained to set the course, which are coming in well within expectations. The Consumer Confidence Report is also a significant concern since it influences broader economic decisions when consumers hesitate to spend,… Continue reading What’s Ahead For Mortgage Rates This Week – July 1st, 2024
Currently, the Retail Sales Report is the sole report that has weight. With the passage of more optimistic inflation data reports, retail sales coming in slightly under expectations will have little to no bearing on the overall outlook. Given the last major reports indicating the economy’s health and state of inflation, there is more optimism… Continue reading What’s Ahead For Mortgage Rates This Week – June 24th, 2024
A welcome and unexpected data release for both the PPI and CPI shows inflation expectations coming in lower than expected. The positive news was somewhat mitigated by the hawkish FOMC rate decision that also took place during the same week. Still, there is more optimism given that the data releases in the past 30 days… Continue reading What’s Ahead For Mortgage Rates This Week – June 17th, 2024
With the CPI and PPI reports coming up this week, the previous week was light on reports of any significance. Most notable was the Non-Farm Payrolls which can have an outsized impact on inflation data reporting, as it’s a useful barometer to compare the cost of goods to the payroll of the average consumer. Following… Continue reading What’s Ahead For Mortgage Rates This Week – June 10th, 2024
The Federal Reserve’s preferred inflation data, the PCE Index, was the highlight of this week. These were followed up loosely by trade balance, retail inventories, and GDP — all of which are strong secondary indicators for current inflations. For lending partners and those affiliated with broader markets, inflation is the key determining factor for rate… Continue reading What’s Ahead For Mortgage Rates This Week – June 3rd, 2024