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Mortgage and Lending - Watermark Capital - NMLS #311662
RECENT BLOG POSTS
This week we get some housing data but all eyes will be on Friday's PCE inflation report. This report/method is the Fed's preferred measurement of inflation and it is the last report of any significance before the Fed's policy meeting next week. The Fed meeting starts Tuesday and commences Wednes...
10/23/2023
We had PPI (producers price index) and CPI (consumer price index) numbers come out last week. The store for both: inflation ticked up but core inflation (excludes food and energy) came in at expectations. The volatile food and energy sectors, especially energy, pushed the indexes higher. One can ...
10/16/2023
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The big story of last week was the release of the PCE - (personal consumption expenditures) the Fed's preferred inflation gauge. More specifically, the Fed follows Core PCE which excludes food and energy (they claim that there are too many global variables that influence energy prices, such as oi...
10/02/2023
As Congress continues to negotiate appropriations bills and/or a continuing resolution to fund the United States government for FY 2024, Federal agencies are preparing for the possibility of a government shutdown when the current appropriations expire in just two weeks on Saturday, September 30. ...
09/29/2023
The Fed paused rate hikes, as the markets were expecting. The markets were hung up on Fed Chairman Powell's speech where he indicated that rates would be higher for longer than originally anticipated. The market originally priced in a rate cut in Q2 of next year but now they don't think there wi...
09/25/2023
We had a volatile week with renewed fears that the Fed will continue its rate hikes. On Thursday, initial jobless claims came in lower than expected (216k actual vs the 229k estimate). The labor market data has been resilient in the face of inflation and higher rates. As I’ve mentioned before, th...
09/11/2023
We didn’t have much economic data come out last week (as we do this week) but investors were anxiously waiting for Powell’s Speech on Friday at Jackson Hole. You can read the speech here.Powell opened the speech by reiterating the Fed’s job of bringing down inflation to 2%. He also mentioned how...
08/29/2023
 How high can you go?The average US mortgage rate has surged to 7.1% — a level it has not reached for over two decades, according to data published by Freddie Mac last week — as sustained interest rate rises from the Federal Reserve continue to filter through into the mortgage market.Locked-inThe...
08/21/2023
The Fed meets at Jackson Hole end of August and that is what they will be focused on for the next two weeks. In the meantime, rates have hit new annual, and multi-decade, highs on the back of economic momentum and a lack of clarity on Fed policy.Both CPI and PPI showed inflation ticked up, bucki...
08/21/2023
Inflation, for the first time, has ticked up on the year-over-year charts. CPI and PPI both came in higher, bucking the downtrend we have been in. Most of the increase in inflation is due to an increase in shelter costs and real wages. The wages will be frowned upon by the Fed as they want a weak...
08/14/2023
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