The Martini Factor is curated by Certified Mortgage Advisor and Raleigh Mortgage Broker Kevin Martini to provide a glimpse of what is likely to impact Raleigh mortgage rates this week.
The top 2 items likely to impact Raleigh mortgage rates this week
INFLATION REPORTS ON TUESDAY AND WEDNESDAY
Raleigh mortgage rates may be volatile this week as the market reacts to the August inflation numbers. The CPI consumer inflation report is due out Tuesday (9/13/2022) , and the PPI wholesale inflation report is due out Wednesday (9/14/2022). The market is hoping that inflation in the U.S. may have peaked, given the recent decline in energy prices. However, this may not be the case because ongoing supply constraints may cause energy prices to go up again. It will be interesting to see how the market reacts to these inflation reports.
NEWS HEADLINES REGARDING RUSSIA-UKRAINE AND CHINA-U.S.
The Ukrainian military enjoyed some impressive successes against Russia this last weekend, and it seems like this is helping market sentiment in early trading on Monday. Meanwhile, the Biden administration is looking to curb U.S. chip and tool exports to China as part of ongoing trade and geopolitical tensions. The market may react to developments this week regarding both of these international conflicts.
Oh by the way…
It is never too early to start to explore your homeownership options and you are not too late either. The first part of the homeownership journey is the loan and then after you have the certainty and being armed with price and cost clarity, the second step is to go find your home. The Martini Mortgage Group offers trusted advice with a frictionless digital mortgage process that provides certainty. To contact Mortgage Strategist with the Martini Mortgage Group simply call: (919) 238-4934.
Things to Consider when Buying a Home
If you are a first-time homebuyer or a repeat homebuyer, there are many things to consider when buying a home. Certified Mortgage Advisor Kevin Martini and Senior Mortgage Strategist Logan Martini curated the Fall 2022 Martini Buyer Guide to simply explain the current real estate and mortgage markets plus vital information about buying a home and the process of getting a mortgage. The Fall 2022 edition of the Martini Buyer Guide has a dozen of informative articles that talk about things one needs to know about the current real estate and mortgage markets.
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