The Brownstone Group's Bi Weekly Email Newsletter

The Brownstone Group's Bi Weekly Email Newsletter

  • Kathy Sexton
  • 05/19/23

The Brownstone Group's Bi Weekly Email Newsletter

May 19th, 2023


Dear Reader,

On Wednesday the Federal Reserve met and unanimously voted to raise the Funds Rate by 0.25%. This was expected, but the markets were more interested in the Fed Chair Jerome Powell's comments about future hikes. In Powell's statement, he laid the groundwork for pausing rate increases. This shows that the Fed believes inflation will continue to drop, which will continue to lower mortgage rates. Because of this news, rates dropped to end the week:     

30 Year Fixed Rates

FHA: 5.625%

VA: 5.625%

USDA: 5.625%

Conventional: 6.990%

Investment Property: 7.625%

Jumbo Loan: 6.990%

5 Year Adjustable Rate Mortgage (30 Year Term): 6.375% 


Monday, May 29th is Memorial Day in our nation? How will you be celebrating all the men and women who have valiantly served our country?

Best Regards,



Read the rest of our Newsletter Here!


If you would like to start receiving our bi weekly email newsletter please contact [email protected]


Work With Us

We're committed to finding the home that's right for you, in the community you deserve to be a part of. In the meantime, take advantage of our website—everything you need to buy or sell a home, or even learn about your home's market value, is right here.