Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
While the government shutdown remains ongoing, inflation data for both the CPI and PPI has been released, indicating that inflation came in below expectations. It’s worth noting that under the new policy, more data will be simulated rather than collected from broader sources, there is still a significant degree of data collection. This was followed… Continue reading What’s Ahead For Mortgage Rates This Week – October 27th, 2025
With the release of the PCE Index, inflation has shown to still be creeping upwards but there is significant speculation that the Federal Reserve will continue with their interest rate cut in the future. Meanwhile, the Consumer Sentiment report has been growing pessimistic amidst the job market, which has been shown to be in a… Continue reading What’s Ahead For Mortgage Rates This Week – September 2nd 2025
The FOMC meeting that was held the previous week to discuss upcoming decisions addressed the future of the economic landscape. During his remarks, Jerome Powell stated that inflation will rise in the future, with consumers bearing the burden. Many have speculated that this means reductions in current rates are unlikely to happen anytime soon, in… Continue reading What’s Ahead For Mortgage Rates This Week – August 25th, 2025
The major report to look out for was the Trade Balance, which has decreased more than expected, suggesting that the current administration’s policies are having an impact. However, the long-term impact on the economy as a whole remain to be seen. This was followed closely by consumer credit, which came in far lower than expected,… Continue reading What’s Ahead For Mortgage Rates This Week – August 11th, 2025
There were several notable releases this last week, with the largest being the PCE Index — the Federal Reserve’s preferred inflation indicator. The PCE Index may be the more accurate indicator going forward, as data collection for the Consumer Price Index has been recently cut, thereby reducing its reliability. As expected, the inflation numbers have… Continue reading What’s Ahead For Mortgage Rates This Week – August 4th, 2025
While inflation has slowed down since the pandemic, it is showing a faster-than-expected rise for consumers, as the CPI (Consumer Price Index) has reported a higher than expected 0.3% increase, contrasted to the 0.2% expected increase. Meanwhile, the PPI (Producer Price Index) has proven to be entirely flat, with the largest takeaway being that signs… Continue reading What’s Ahead For Mortgage Rates This Week – July 21st, 2025
At Wednesday’s meeting, the Federal Open Market Committee (FOMC) is widely expected to maintain the current federal funds rate target range of 5.25% to 5.50%. This decision comes amidst conflicting economic signals. Tailing that, there is the Chicago PMI, Non-farm Payrolls, and the full release of the Consumer Confidence report. All of these are expected to… Continue reading What’s Ahead For Mortgage Rates This Week – April 29th, 2024
The Consumer Price Index (CPI) is showing higher than expected inflation, and the Producer Price Index (PPI) is showing lower than expected inflation. The two are in conflict with each other; however, the Consumer Price Index is still the far greater indicator for inflation as it directly impacts the cost of living for everyone, not… Continue reading What’s Ahead For Mortgage Rates This Week – April 15th, 2024
As expected from the prior inflation reports with CPI and PPI, the PCE index had also shown the same corollary among its data points, reporting a higher than expected increase for the month of February across all products. In addition, the Chicago PMI had shown a declining trend of activity among businesses for the 6th… Continue reading What’s Ahead For Mortgage Rates This Week – April 1st, 2024
Last week’s inflation data came in at a higher rate than expected, with Price Producer Index (PPI) numbers showing more than double the expected inflation gain. With both CPI and PPI being over the target, the steadfast certainty that the Federal Reserve will cut rates has now taken a step back, resulting in more tamed… Continue reading What’s Ahead For Mortgage Rates This Week – March 18th, 2024