Michael Isaacs

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What’s Ahead For Mortgage Rates This Week – October 2, 2023

October 2, 2023 by Michael Isaacs

Next week, the unemployment data is going to be released, as initial jobless numbers are going to come in. This is a key indicator because rising interest rates generally lead to more layoffs, which could jeopardize the Fed's goal of a soft landing.

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Filed Under: Financial Reports Tagged With: Consumer Index, Financial Report, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – September 25, 2023

September 25, 2023 by Michael Isaacs

Last week's economic reports included readings on U.S. housing markets, housing starts and building permits, and the scheduled post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Data on sales of previously owned homes were released along with weekly reports on mortgage rates and jobless claims.

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Filed Under: Financial Reports Tagged With: Case-Shiller, Financial Report, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – September 18, 2023

September 18, 2023 by Michael Isaacs

The current 30-year fixed mortgage rate hovers around 7.51 percent, one of the highest rates seen in two decades. This is an upward jump from August, where the rates averaged at 7.18 percent. This trend is impacting potential homeowners. Meanwhile, the 15-year fixed mortgage rate stands close to 6.51 percent, mirroring August's average, which rounded off at 6.55 percent.

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Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – September 18, 2023

September 18, 2023 by Michael Isaacs

The current 30-year fixed mortgage rate hovers around 7.51 percent, one of the highest rates seen in two decades. This is an upward jump from August, where the rates averaged at 7.18 percent. This trend is impacting potential homeowners. Meanwhile, the 15-year fixed mortgage rate stands close to 6.51 percent, mirroring August's average, which rounded off at 6.55 percent.

Continue Reading...

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – September 11, 2023

September 11, 2023 by Michael Isaacs

Last week's scheduled economic reporting was limited due to the U.S. Labor Day holiday on Monday. The Federal Reserve released its Beige Book report and weekly readings on mortgage rates and jobless claims were also published.

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Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – August 14, 2023

August 14, 2023 by Michael Isaacs

Month-to-month inflation rose at a pace of 0.20 percent in July and met analysts' expectations. There was no change in the pace of month-to-month inflation from June's reading of 0.20 percent growth. The Consumer Price Index also reported that year-over-year inflation reached 9.10 percent, which was the highest reading since reaching a 40-year high in mid-2022.

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Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

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Michael Isaacs

Contact Michael


CEO

NMLS #26591 • AZ License #BK-0904162
Licensed in: AZ, CA, CT, FL, IL, KS, KY, ME, MD, MO, NH, NJ, OH, PA, TN, VA.
Direct/Office: 614.383.7341
michael@gomortgage.com
4215 Worth Avenue, Suite 220, Columbus, OH 43219
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GO Mortgage
Company NMLS #1018

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Recent Articles

  • 4 Facts You Need to Know Before Setting Up a Mortgage Escrow Account
  • What’s Ahead For Mortgage Rates This Week – October 2, 2023
  • A Quick Look at Reverse Mortgages: The Golden Ticket to Enjoying Your Golden Years
  • Understanding Mortgage Amortizations and Why Longer Periods Can Cost More
  • What Does Contingent Mean on a House Sale
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