Nuwave Rate Update 11.9.22

As expected, we did not see much of a move in the interest rate this week. After the FED meeting, the market is patiently waiting for the CPI print to be released (tomorrow 11.10).

From that report please remember - bad news is good news. If you are wanting these rate hikes to slow down, you will want to see the pace of inflation slowing. You will want to see the economy slowing down, unemployment to rise, and GDP to suffer over the next few months.

This should be the first signs to the FED that what they are doing is working.  

I'd expect some major market swings tomorrow mid-day once the CPI print is released. I will provide a detailed breakdown once that is done and see how expectations are reset moving forward.

For now...if you have clients looking, you still have major leverage in negotiations. I'd recommend asking for closing costs, buydowns, and the works when putting offers in to see if you get good bites from sellers.

Cheers :)