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Michael DiLucchio

Nuwave Rate Update - 2.28.23

Today, we saw the first brief reprieve in mortgage rates since early last week. It feels like these rates are skipping along for the bottom of the pool currently. With no key market indicators being released this week, I would expect little to no movement until next week. As I

Nuwave Rate Update - 2.24.22

What happened? This is the question I am getting from real estate agent partners, potential buyers and sellers, and prospects I have talked to over the last three weeks. The market has seen the floor fall out from under it. Today, the main driver is PCE (personal consumption expenditure) which

Nuwave Rate Update - 2.15.23

What's the number one thing that markets hate? Uncertainty. That's exactly what was delivered in the CPI print this week. CPI rose 0.5% in January (up from .1% in December) Jason Furman (Harvard Univerity) states in a Brookings discussion: Looking at the last three months,

Nuwave Rate Update - 2.13

Just when I thought things were going to settle down...the market continued its extreme volatility. Rates over the past week have jumped over 30 basis points. The main driver of this is two fold. First, the FED raised interest rates by 25 bps, as many of you know. In

Nuwave Rate Update - 2.1

Happy February everyone! The FED is meeting today (Feb 1) for the first time since their Dec meeting. Most expert are expecting the FED to raise rates 25-50bps to continue the fight of inflation. However, we are seeing overwhelmingly good news in the world of mortgage rates. For the first

Nuwave Rate Update 1.17

For the last couple of weeks, interest rates have seen a drop for the first time in quite a while. With this brief reprieve, rates dropped below the 6% range - a true joy to see for potential buyers trying to cash in on their New Years Resolution early. Anecdotally,

Nuwave Rate Update - 12.7.22

Over the last 25 days, interest rates have dropped a full 1%. To say this was a needed relief is quite an understatement. This week, the FED is having their annual blackout period prior to their Dec 13-14th meeting. Most likely, the FED will be raising rates by 50 bps