Mortgage rates continued to press downward last week after the previous week’s CPI data pointed to
easing inflationary pressures. Only a few weeks ago, the market was expecting the Federal Reserve to
raise rates by another half-point at its meeting that takes place on Tuesday and Wednesday. Now
markets are universally convinced that the Fed will only raise rates by one-quarter of a point. Retail
Sales and Industrial Production also helped generate downward pressure by coming under
expectations. While many economists believe that the economy is cooling off, inflation still remains
above the Fed’s target rate, and the job market remains very hot.
Despite the recent downward trend in mortgage rates and hopes that the Fed was nearing the end of itstightening cycle, rates blasted upward last week. While there are signs that inflation is cooling and theeconomy slowing, the likelihood of the Fed raising rates for longer than expected and keeping them athigher levels before reducing them […]
The Federal Reserve meeting ended as market participants expected, with a quarter-point increase anda slightly more dovish-sounding policy statement. Mortgage rates were already positioned for theincrease, so the rate bump did not impact mortgage rates. However, with Consumer Confidence andthe ISM Manufacturing Index posting below-expectations reading and a more dovish-sounding policystatement from the Fed, mortgage […]
Mortgage rates held relatively steady last week as most economic news came in better than expected.Consumer Confidence bounced back upward by 6.9 points to the highest level it has seen since spring.The third quarter’s GDP was once again adjusted upward for a final 3.2% reading. The core reading ofthe PCE Prices came in at 0.2%, […]
Rates managed to move slightly downward last week as recession fears grew amid hopes that the Fedis beginning to impact inflation. The ISM Services Index moved upward, and the Producer Price Indexcame in a bit over expectations. However, recent comments from the Fed have led the market toanticipate a 50 basis point increase at this […]
Mission Chronicle Newsletter Dec 5th 2022. Platforms: Browser, mobile-responsiveIdeal for: Leasing agents and tenants Mortgage rates managed to decline slightly last week as hopes grew for a smaller rate increase of 50basis points from the Fed at its next meeting. PCE Prices, which are the Fed’s preferred measure forinflation, revealed a core increase of only […]
Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. RentTango is digital leasing platform for commercial property managers and multifamily investors. Platforms: Browser, mobile-responsive Ideal for: Leasing agents and tenants Top selling points: Strict leasing and tenant engagement (from lead to lease) Potential tenant CRM […]
Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. Smart Alto is a web-based lead qualification and appointment setting service for real estate agents. Platforms: Browser, mobile Ideal for: All agents and teams Top selling points: Human-powered chat automation Countless lead source integration Discussions custom […]
Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. Market Leader is a CRM and marketing software for agents and teams. Platforms: Browser, mobile app Ideal for: All agents and teams Top selling points: Built-in website creator/management Emphasis on contact management Group-specific outreach campaigns Lead […]
In today’s luxury real estate market, strong negotiation skills are an asset—you might even say they’re non-negotiable. While the current market presents opportunities for both buyers and sellers, it’s still up to agents to help all stakeholders meet in the middle, including arranging mutually beneficial agreements with their peers on the other side of the […]
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