Sacramento Market Update 09.18.2024
View this email in your browser A very big day as we have the September FOMC meeting later this morning. It is widely expected for the Fed to cut their Fed funds rates by at least .25bps, and there is a more than 50% chance for a .50bps reduction. We have been tracking this since 2022 when the
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Sacramento Market Update 9.11.2024
View this email in your browser Why is the 10yr yield and 30yr mortgage rate coming down without the Fed cutting rates yet? The financial markets are discount mechanisms, and forward looking. The 10yr yield, which we in this newsletter use to closely keep tabs on our beloved 30yr mortgage rate
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Sacramento Market Update 9.04.2024
View this email in your browser Well, I guess buyers are choosing to play with fire. Inventory notches down again despite lowered interest rates, and purchase applications were only barely positive at 0.92%.Why do I say playing with fire? Interest rates are down a whole percentage point lo
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