Are you trying to make sense of the rollercoaster ride that is today's mortgage rates? In this episode, Quinton and Daniel dive deep into the latest economic data, dissect comments from Atlanta Fed Chairman Raphael Bostic, and debate the burning question: Will the Fed cut rates in 2024? Along the way, they explore the intriguing relationship between the CPI, PCE, and mortgage rates, reveal why the Fed's return to the bond market is a bigger deal than most realize, and share their bold predictions on what it will take for rates to finally come down. If you're a homebuyer, real estate agent, or mortgage pro trying to navigate this challenging market, this is one episode you simply can't afford to miss.

[00:00 - 01:16] - Introduction

[01:16 - 03:09] - How to get the best mortgage rate

[03:09 - 07:13] - Uptick in unemployment & slower wage growth

[07:13 - 10:06] - Fed's adamance on reaching 2% inflation target

[10:06 - 13:12] - CPI vs PCE

[13:12 - 15:03] - “Real” interest rates

[15:03 - 17:39] - Fed slows balance sheet reduction

[17:39 - 20:03] - Rising interest payments on national debt

[20:03 - 21:17] - Return of top buyers to the bond market

[21:17 - 22:00] - Mortgage applications

[22:00 - 23:28] - What will it take for the Fed to cut rates?

[23:28 - 24:49] - Closing thoughts

Resources:

Secret to the BEST Interest Rate: https://bit.ly/wy1msecret
May Lending Update: https://bit.ly/4bMNDzx

PCE vs CPI: https://bit.ly/3yywpHT

Key Quote:

"The labor market is the quickest path to rate cuts." - Daniel Halvorsen

_______________________

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Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.

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In part one of May’s lending update, Quinton and Daniel Halverson dive into the latest financial headlines. With a staggering 11 trillion dollars in accessible home equity and consistent home price appreciation, they explore the opportunities for homeowners to leverage their equity and position themselves for future moves. As interest rates remain a hot topic, they share insights from their conversation with Raphael Bostic, head of the Atlanta Federal Reserve, and provide valuable resources for buyers looking to secure the best mortgage rates in the current market. If you work in the real estate industry or are looking to buy or sell your next home, this episode is a must watch.

[00:00 - 02:32] - Introduction

[02:33 - 05:39] - Technology in Real Estate

[05:40 - 09:28] - Homeowner Equity Peaks and Tappable Equity

[09:29 - 11:03] - Leveraging Home Equity

[11:04 - 14:28] - Home Price Resilience

[14:29 - 16:06] - Consecutive Home Price Growth and Loan Size Increases

[16:07 - 18:24] - Impact of Inflation

[18:25 - 21:40] - Best Practices for Buyers and Real Estate Agents

Resources:

Secret to the BEST Interest Rate: https://bit.ly/wy1msecret
May Lending Update: https://bit.ly/4bMNDzx

Key Quote:

“There's a storm brewing in a good way” - Daniel Halvorsen

_______________________

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

Watch the podcast on Spotify for full video episodes, Q&As, and community polls!

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.

Please subscribe, share, and leave a review to let us know you want to keep the content coming!

In this episode, we examine the latest inflation data, analyzing the Consumer Price Index (CPI) and Producer Price Index (PPI) reports. The discussion covers the factors driving core inflation, such as shelter costs and motor vehicle insurance, and explores the potential impact on mortgage rates and the broader economy. The episode also touches on the softening labor market, the Federal Reserve's balancing act, and the anticipated outcome of the upcoming FOMC meeting. With data-driven analysis, this episode offers a comprehensive look at the current economic landscape.

[00:00 - 01:07] - Introduction and recent changes in rates

[01:08 - 02:04] - Upcoming meeting with Atlanta Fed President

[02:05 - 04:57] - Analyzing the CPI and PPI reports

[04:58 - 09:04] - The role of shelter costs

[09:05 - 10:13] - Revisions to the PPI

[10:14 - 12:24] - Signs of a softening labor market

[12:25 - 15:28] - Anticipating the FOMC meeting outcome

Resources:

https://bit.ly/aprilCPI

Key Quote:

"It doesn't take the Federal Reserve reducing rates for the mortgage rate market to get better” - Quinton Harris

_______________________

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

Watch the podcast on Spotify for full video episodes, Q&As, and community polls!

Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.

Please subscribe, share, and leave a review to let us know you want to keep the content coming!