Mortgage Update: August 10

Interest rates remain the same as inflation data came in as expected earlier today.

Core and Overall CPI came in up a little bit, which was anticipated. Jobless claims were a little higher than expected. All in all, the market has had little to no reaction.

The Dow is actually responding quite well to it. But, overall interest rate-wise, there was no real reaction. Rates are still in that high 6, low 7% range. As was mentioned in our previous update, in uncertain times when we're not sure where rates are going, please make sure you are prepared with your pre-approval. We have all the programs that you would need to put in an offer as soon as the house that you want comes available. We'd love to help.

Please email mortgages@johnadamsmortgage.com.