Weekly Mortgage Update by Steve Castaneda

Weekly Mortgage Update by Steve Castaneda

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October 2024

Bond Markets Just Went Rogue - Oct 28 - Weekly Mortgage Update
Bond yields hit three-month highs without a clear catalyst, pointing to hidden market pressures that could signal a major sentiment shift.
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Steve Castaneda, Loan Officer
Rates: Rinse and Repeat - Oct 21 - Weekly Mortgage Update
Mortgage rates fluctuated this week, starting strong with easing oil prices, but stronger-than-expected economic data later pushed them back to the same…
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Steve Castaneda, Loan Officer
Yields, Jobs, and Inflation - Oct 14 - Weekly Mortgage Update
A strong jobs report and inflation surprise pushed bond yields higher, with markets now waiting on the Fed's next move in November.
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Steve Castaneda, Loan Officer
Jobs Surge Rattles Rate Cuts - Oct 7 - Weekly Mortgage Update
A stronger-than-expected jobs report may derail expected Fed rate cuts, potentially keeping mortgage rates on the rise.
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Steve Castaneda, Loan Officer

September 2024

Market's Cha-Cha Dance - Sept 30 - Weekly Mortgage Update
This week’s markets waltz through fluctuating bond yields, shifting consumer confidence, and uncertain Fed actions, highlighting an unpredictable…
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Steve Castaneda, Loan Officer
Fed Cuts Rate: What’s Next - Sept 23 - Weekly Mortgage Update
The Federal Reserve’s unexpected 0.50% rate cut opens opportunities for lower loans while highlighting economic concerns, with projections and upcoming…
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Steve Castaneda, Loan Officer
The Pivot Approaches - Sept 15 - Weekly Mortgage Update
This week's market awaits the Fed's big decision, with rising odds of a bold 50bps rate cut as inflation data underwhelms.
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Steve Castaneda, Loan Officer
Job Slowdown, Rate Relief? - Sept 9 - Weekly Mortgage Update
Fewer jobs might mean cheaper mortgages soon, thanks to some recent economic reports and the Fed eyeing rate cuts.
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Steve Castaneda, Loan Officer
Fed Cut Predictions Rise - Sept 2 - Weekly Mortgage Update
Core PCE inflation data suggests a gradual move toward the Fed's 2% target, increasing speculation about a possible larger rate cut in the upcoming…
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Steve Castaneda, Loan Officer

August 2024

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