October 2024 - Starwest Mortgage Corporation

October 29, 2024 – Not in a Straight Line

Economic Commentary If there is one feature of the markets you can always count on, it is the attribute of non-lineal progression. What does that mean? In plain English, it means that the markets do not rise or fall in a straight line or in accordance with a certain set path. For example, when mortgage rates rose from a low...” Read More

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October 22, 2024 – Quiet Period?

Economic Commentary Before every meeting of the Federal Reserve there is a blackout period in which the members have to refrain from talking to the public and the media regarding the state of the economy and their policies. This particular blackout period, which starts in a few days, takes on special importance because it is also the period before the...” Read More

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October 15, 2024 – The Inflation Picture

Economic Commentary Last week we had the latest inflation readings. The Consumer Price Index was reported to be up 0.2% monthly and 2.4% annually in September. The core readings excluding food and energy were higher. The Producer Price Index was reported unchanged for the month and up 1.8% annually, but again higher at the core level. Overall, these readings were seen...” Read More

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October 8, 2024 – We Want More!

Economic Commentary The Federal Reserve has lowered their Federal Funds Rate. As we have indicated, the move was expected – and the bond markets had strongly anticipated this move. But the Fed lowered their base rate by 0.5%, yet mortgage rates have moved down approximately 1.25% from their peak earlier this year. Why is that? Because the markets are expecting...” Read More

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October 1, 2024 – The Final Stretch

Economic Commentary It is the final quarter of the year. And quite a year it has already been. Mortgage rates moved back near all-time highs in the spring only to start falling in the summer. The National Association of Realtors signed a consent agreement which will change the way that real estate agents will go about their business. The war...” Read More

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October 29, 2024 – Not in a Straight Line

October 22, 2024 – Quiet Period?

October 15, 2024 – The Inflation Picture

October 8, 2024 – We Want More!

October 1, 2024 – The Final Stretch

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