LMBS

More Good Inflation News: David Berson's Economic Brief

Inflation Remained Low In June

Mortgage rates roughly unchanged W/W, but down from 2024-peak

Mortgage rates were almost flat from last week, but down from their peak level in 2024. 30-year fixed-rate mortgages averaged 6.78% as of July 25, down from 6.81% a year ago. Freddie Mac Primary Mortgage Survey says rates are down 0.5% from 2024-peak level.

First Trust Exchange-Traded Fund IV - First Trust Low Duration Opportunities ETF declares $0.17 dividend

Weekly Report: what happened at LMBS last week (0715-0719)?

Mortgage rates edge down from a year ago, but purchase demand remains low

Mortgage rates edge down from a year ago, but purchase demand remains low. 30-year fixed-rate mortgage fell to its lowest level since mid-March. Freddie Mac Primary Mortgage Survey: Homebuyers have yet to respond to lower rates, as purchase demand remained low.

Could The Fed Cut Interest Rates Twice In 2024?

US disinflation may lead to a third-quarter Fed rate cut. Recent data on US inflation shows that the disin inflationary process is picking up steam. I believe the Federal Reserve will cut before the end of the third quarter. I see room for more than one rate cut in 2024. S&P 500 companies are forecasted to deliver their highest year-over-year earnings growth.

Weekly Report: what happened at LMBS last week (0708-0712)?