Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
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
With a focus on the upcoming inflation data reports with CPI and PPI this week, the previous week was very light on data. The only relevant reports released were the non-farm payroll and U.S. trade balance data releases. Job reports are showing robust hiring numbers and the trade balance remains within expectations. There appears to… Continue reading What’s Ahead For Mortgage Rates This Week – March 11th, 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
The following week of CPI and PPI reports are typically lighter, with this week showing the same trend. There are a number of interesting interim reports that are worth noting however, including the Federal Reserve’s Beige Book which indicates the labor market has been cooling across most of the country. Following up is the Consumer… Continue reading What’s Ahead For Mortgage Rates This Week – January 22nd, 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
With the New Year, the final week only featured the normal reports of Jobless Claims, S&P Shiller Home Price Index (YoY), and Chicago Business Barometer. All of them will have limited impact compared to the GDP and the Inflation data reports that have already been released. S&P Shiller Home Price Index (YoY) For the ninth… Continue reading What’s Ahead For Mortgage Rates This Week – January 2nd, 2024
With both CPI and PPI reports well within expectations, there is a favorable reception across the broader market spectrum that these reports are a strong sign that the Federal Reverse will begin rate cuts in 2024. A soft landing for the economy is the primary goal of the Federal Reserve, and it would seem their… Continue reading What’s Ahead For Mortgage Rates This Week – December 18, 2023
This will be another light week before the next large releases of the CPI and PPI data. The overall unemployment numbers have been trending lower which will likely leave the Federal Reserve board in a state of suspension. They have made many assertive statements they do not intend to cut rates soon, but the signs… Continue reading What’s Ahead For Mortgage Rates This Week – December 11, 2023