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Inflation is still rapid and painful for many households, but it is finally beginning to show signs of turning a corner.

The Federal Reserve hiked rates by 0.75% this week and 30yr fixed mortgage rates moved moderately higher. Interestingly enough, those two things are fairly unrelated.

Mortgage rates lowered last week, while all eyes are on key events and data in the coming weeks.

This week’s mortgage market seemed to follow the 2022 trend with lots of price volatility.

20 Year High Rates as Inflation Persists. Any Hope in Sight? Unsurprisingly, the market remains intently focused on inflation as the key driver of Fed policy and rate volatility. This week, the biggest inflation report combined with more UK market drama to push rates to another 20-year high. The UK doesn’t typically factor into our […]