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  • FED Rate HIKE Coming Next Week with 70% Odds?

    What a difference a few hours can make. 🚨

    After this morning’s PPI inflation report and another surge in oil prices, markets are now pricing roughly a 70% chance of a Fed RATE HIKE next week.

    And traders are even considering another hike before the end of the year.

    Why?

    🔥 Wholesale inflation: 5.4% YoY

    🛢️ Oil: Above $100/barrel

    ⛽ Energy costs still climbing

    📈 PCE inflation: Still well above the Fed’s 2% target

    And we aren't finished yet.

    Tomorrow morning we get CPI, the final major inflation report before next week’s Fed meeting.

    But remember: mortgage rates don't wait for the Fed.

    The bond market is already reacting.

    Have questions about buying, refinancing, or tracking your mortgage rate in California?

    Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.

    Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
    Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
    Real Estate Broker – CA Dept of Real Estate

    #FederalReserve #MortgageRates #Inflation #CPI #Economy

  • Mortgage Rates JUST Broke Above 7% Again?

    🚨 Mortgage rates are officially back above 7%.

    Mortgage News Daily has the average 30-year fixed at 7.07%, up 0.10% today and above 7% for the first time in more than a year.

    The day before the Iran war began?

    5.99%.

    Today?

    7.07%.

    Oil above $100, inflation fears, rising Treasury yields and growing expectations for another Fed hike are putting serious pressure on the bond market.

    And mortgage rates aren't waiting for the Fed.

    Tomorrow we get CPI. 👀

    Have questions about buying, refinancing, or tracking your mortgage rate in California?

    Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.

    Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
    Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
    Real Estate Broker – CA Dept of Real Estate

    #MortgageRates #HousingMarket #HomeBuyers #Inflation #RealEstate

  • 10-Year Treasury JUMPS Over 4.9% After Hot Inflation Data

    🚨 The 10-year Treasury just pushed above 4.9% and is flirting with 5%.

    This morning's Producer Price Index showed wholesale inflation running at 5.4% year over year, up from 4.8% just one month ago.

    And underneath that number:

    ⚡ Energy: +4.2%

    📦 Goods: +1.1%

    🚛 Diesel: +24.1% IN ONE MONTH

    The monthly headline number was actually right in line with expectations. But the year-over-year acceleration, combined with surging energy costs, is NOT what the bond market wanted to see.

    Why should homebuyers care?

    Mortgage rates tend to move with the bond market, and a 10-year Treasury approaching 5% puts more upward pressure on borrowing costs.

    Now all eyes turn to tomorrow's Consumer Price Index.

    And with the Fed meeting next week, that report just became VERY important.

    Have questions about buying, refinancing, or tracking your mortgage rate in California?

    Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.

    Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
    Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
    Real Estate Broker – CA Dept of Real Estate

    #MortgageRates #Inflation #HousingMarket #FederalReserve #RealEstate

  • “Marry the House, Date the Rate” Aged Poorly 😂

    “Marry the house, date the rate!” 😂

    If your mortgage only makes sense because you’re counting on rates dropping later, it doesn’t make sense today.

    A future refinance should be an opportunity, not something you NEED to happen.

    Have questions about buying, refinancing, or tracking your mortgage rate in California?

    Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.

    Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
    Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
    Real Estate Broker – CA Dept of Real Estate

    #MortgageTok #MortgageRates #HomeBuying #RealEstate #HomeBuyer

  • Are Adjustable Rate Mortgages REALLY Too RISKY Now?

    Remember “marry the house, date the rate”? 😬

    That was a BET that you'd be able to refinance later.

    Now ARMs are making a comeback because the spread is huge:

    30-year fixed: 6.85%

    5-year ARM: 5.82%

    I'm not anti-ARM. My own father took one.

    But the mortgage needs to fit your timeline TODAY, without depending on your prediction of tomorrow.

    Have questions about buying, refinancing, or tracking your mortgage rate in California?

    Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.

    Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
    Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
    Real Estate Broker – CA Dept of Real Estate

    #Mortgage #RealEstate #HomeBuying #MortgageRates #ARM