Blog - Page 9 of 29 - Starwest Mortgage Corporation

November 19, 2024 – Back to the Inflation Picture

Economic Commentary The election is over. The Federal Reserve has met and made their decision regarding short-term interest rates. The next question is – where do we go from here? While the Fed has lowered their rates, mortgage rates actually increased leading up to the election and the meeting of the Fed. And this increase was not a small bump...” Read More

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November 12, 2024 – The Results

Economic Commentary A lot has happened in the past few weeks. First, we had a slew of data showing that the economy is still on solid footing. The advanced estimate of economic growth (GDP) for the third quarter came in at 2.8% — a solid, but unspectacular number. The October jobs report was obviously affected by the recent hurricane disasters...” Read More

Posted by starwest

November 5, 2024 – It’s Election Day

Economic Commentary Today is the day we elect the next President of the United States – along with many Senators and a complete slate within the House of Representatives. Whatever side you are on, it is important that you go out and vote, though nowadays many Americans have voted early. A recent Gallup pole has indicated that as many as...” Read More

Posted by starwest

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

Posted by starwest

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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September 24, 2024 – Finally!

Economic Commentary It has been a full two and one-half years since the Federal Reserve started raising interest rates in reaction to the post-pandemic inflation surge. While many expected inflation to react immediately to the Fed’s medicine, the period of higher rates became very drawn out as inflation showed its stubbornness. Thus, the use of the phrase “higher for longer”...” Read More

Posted by starwest

September 17, 2024 – It is Time!

Economic Commentary We have received news that the job market has slowed down – including a major downward revision of jobs over the past year to the tune of 818,000 jobs. We have seen major progress on the war against inflation. The most recent consumer price index came in at 0.2 % monthly and 2.5% over the past year. The...” Read More

Posted by starwest

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November 19, 2024 – Back to the Inflation Picture

November 12, 2024 – The Results

November 5, 2024 – It’s Election Day

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

September 24, 2024 – Finally!

September 17, 2024 – It is Time!

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