Something significant is about to happen in mortgage markets, and Arizona buyers and homeowners deserve to understand what it means. The Federal Reserve meets Tuesday and Wednesday of next week, and after this week’s inflation data, markets now price in an 85 percent chance the Fed raises interest rates on Wednesday. That is up from…
Something significant happened in mortgage markets this week that most homeowners and buyers will only see reflected as “rates went up.” The full story is worth understanding, because the market’s reaction to this week’s data is actually more instructive than the headline numbers themselves. The August Jobs Report released this morning came in much stronger…
Welcome to the first edition of what will be a weekly Arizona mortgage market update, published every Friday. Each week going forward, I’ll break down what moved mortgage rates, what happened in housing, and what it means for Arizona buyers, refinancers, and homeowners considering their equity. My goal is to give you a clear, honest…
