Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
The prior week showed a surprising display of inflation, in that for consumers, it was less than expected. This is giving way to some optimism that inflation is on the right track to being under control. On the other end of the spectrum, for producers, inflation had shown to be slightly higher than expected. But… Continue reading What’s Ahead For Mortgage Rates This Week – May 20th, 2024
An extremely light week following the FOMC, with the only note-worthy reporting being the Consumer Sentiment reports from the University of Michigan, which gives a long term outlook of the consumer on the economy. The report has come in well under expectations, much more so than any previous release in the last 6 months. This… Continue reading What’s Ahead For Mortgage Rates This Week – May 13th, 2024
With the upcoming CPI and PPI reports this week, last week still had a number of important data points to consider. First, the non-farm payroll data, helping reveal the situation of pay versus inflation data giving an overall description of the state of the economy in the future. Among that, the manufacturing data has shown… Continue reading What’s Ahead For Mortgage Rates This Week – April 8th, 2024
While it’s not a set deal, the Federal Reserve does appear to be on track for a June rate cut, and following its two-day policy meeting, the central bank’s rate-setting Federal Open Market Committee said it will keep its benchmark overnight borrowing rate in a range between 5.25%-5.5% until then. Additionally, the government has also… Continue reading What’s Ahead For Mortgage Rates This Week – March 25th, 2024
Last week’s release of CPI and PPI resulted in slightly higher than expected inflation rates which led to speculation that the Federal Reserve’s decision to cut rates will likely come much further in the year than anticipated. There was some suspicion that if inflation rates would continue to exceed predictions, it could result in another… Continue reading What’s Ahead For Mortgage Rates This Week – February 20th, 2024
This week is the release of Core CPI and PPI numbers for January. The only data release of note is the trade deficit and the usual unemployment reports for the prior week. The current trade deficit for the U.S. is operating precisely within expectations and correlating GDP numbers. This current week will provide further guidance… Continue reading What’s Ahead For Mortgage Rates This Week – February 12th, 2024
The largest and most impactful financial data being released is as always the Federal Reserve rate decision. This time it fit well within the expectations across the broader market and lending partners, in that the Federal Reserve still remains to hold current standing, and is showing push back on any potential rate cuts coming March… Continue reading What’s Ahead For Mortgage Rates This Week – February 5th, 2024
It was an uneventful week for the data reports, as the majority of the interest waits for the Federal Reserve’s rate decision heading into the following week. One of the most notable reports is for New Home Sales, which had managed to greatly exceed the projections for the end of the year moving into January.… Continue reading What’s Ahead For Mortgage Rates This Week – January 29th, 2024
With the release of the CPI and PPI we received a clearer picture of what’s ahead. With the inflation numbers for CPI (Consumer Price Index) arriving a bit warmer than expected, there was some speculation that it could cause some hesitation from the Federal Reserve on reducing rates for this year. We also were able… Continue reading What’s Ahead For Mortgage Rates This Week – January 16th, 2024
With the first FOMC minutes of the year, it sets the tone for the potential moves the Federal Reserve will make, with them remaining firm in their current stance of not employing any rate cuts, however given the more recent end-of-year reports, there is a likelihood that rate cuts will start this year. The last… Continue reading What’s Ahead For Mortgage Rates This Week – January 8th, 2024