Instant Reaction: Mortgage Rates, April 11, 2024

If one were to shake a Magic 8 ball, the answer to the question of "where are mortgage interest going to be in the next month?" would now read "outlook not so good." Yesterday's inflation figures, unfortunately, rose to 3.5%, which reverses the trend of lowering inflation. While yesterday showed a h

March 2024 Foot Traffic

" data-src="https://cdn.nar.realtor/sites/default/files/styles/wysiwyg_small2/public/2024-03-foot-traffic-sentrilock-home-showings-report-cover-04-11-2024-300w-400h.png?itok=PxiHSFSQ" class="b-lazy" width="200" height="267" alt="Cover of the March 2024 Foot Traffic Sentrilock Home Showings report" t

Instant Reaction: CPI, April 10, 2024

March inflation figures were very bad, which also means bad news for interest rates. Consumer prices reaccelerated to 3.5%. This is higher than the 2% target inflation, which raises eyebrows regarding the Federal Reserve's delay in cutting interest rates. The bond market immediately responded with h