Sacramento Weekly Market Update

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

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

Sacramento Market Update 8/28/2024

      View this email in your browser   Well, my fine readers of this newsletter, we made it.  As of last Friday, in beautiful Jackson Hole, Wyoming, Mr. Powell all but guaranteed we should expect the first Fed rate cuts in September, followed by a couple more to end 2024.  There are three meetings