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Rate Updates

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

Nuwave Rate Update - 11.16.22

The market has seen the rates drop for the first time in what feels like a year...but in reality about six months. With the CPI Print coming in below projections, the expectations are that the FED will slow the pace of interest rate growth. If you have buyers in

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

Nuwave Rate Update - 11.2.22

This week, we saw rates stay relatively steady in preparation of the FED meeting this afternoon. We saw only a slight uptick (.125%) in rates as of this morning, but the market has been stable for the last 7-10 days. In the FED meeting this afternoon, there should be no

Nuwave Rate Update 10.26

This week, we started to see the first favorable signs in the interest rates and secondary market. First, with Q3 earnings being released from the major tech companies, we saw the stock market elevated. While this is not a direct correlation to the interest rates (it more closely following the

Nuwave Rate Update - 10.21

I look forward greatly to the day you receive this email in your inbox with news of rates falling. Unfortunately, today is not that day. As expected, the mortgage market has priced in the 75bps - 100bps rate increase that is predicted to be announced at the next FED meeting,

Nuwave Rate Update - 10.11.22

Last week, the labor market print was released and showed unemployment dropping to 3.5%, an unexpectedly low number. This is not good news for mortgage rates. As Shawn Cruz, head trading strategist at TD Ameritrade summarized: “The market has been in a ‘bad-news-is-good-news’ mentality and there’s really no