August 2024 - Starwest Mortgage Corporation

August 27, 2024 – The Movement of Interest Rates

Economic Commentary Mortgage interest rates have already moved significantly lower over the past several weeks. Where they move from here will be determined by many factors – not the least of which is the next jobs report to be released next week. After the weaker report for the month of July another tepid or even moderate job report for August...” Read More

Posted by starwest

August 20, 2024 – Squeezing the Last Drop

Economic Commentary The war on inflation has been a long-drawn-out affair. From a low of 1.23% during the height of the pandemic in 2020, inflation rose to 4.71% in 2022 and peaked at 8.00% in 2022. During the past 12 months, inflation has averaged approximately 3.0%, a drop of over 100% from the peak of 2022. That is also 50%...” Read More

Posted by starwest

August 13, 2024 – The Election Factor

Economic Commentary At the very beginning of the year, we discussed factors that would affect the markets and interest rates in 2024. There were plenty of factors to discuss—from economic growth to the progress against inflation. Most of those factors were “up in the air” – for example, we had no idea how long it would take to show progress...” Read More

Posted by starwest

August 6, 2024 – A Busy Two Weeks

Economic Commentary We have a very busy few weeks of economic news. While the stock market was reaching record highs in July, the month closed with some important news. As July came to a close, the initial reading of economic growth for the second quarter was released. The 2.8% growth rate was seen as better than expected. Then we saw...” Read More

Posted by starwest

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August 27, 2024 – The Movement of Interest Rates

August 20, 2024 – Squeezing the Last Drop

August 13, 2024 – The Election Factor

August 6, 2024 – A Busy Two Weeks

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