--- title: We Are Going to Jackson description: Home loan rate improvement has stalled of late as financial markets try to figure out whether inflation has peaked and how far the Fed will go with rate hikes. image: https://info.carringtonmortgage.com/hubfs/IMAGES/Market%20Trends/Market%20Trends_2022.08.19.jpeg --- [Skip to content](https://info.carringtonmortgage.com/knowledge-base/we-are-going-to-jackson#main-content) ![bell icon](https://info.carringtonmortgage.com/hubfs/raw_assets/public/Templates/2022/svg/Alert-Notifications-Icon.svg) [![Carrington Mortgage Services](https://info.carringtonmortgage.com/hs-fs/hubfs/carrington_logo_final_2col_rgb.png?width=250&height=57&name=carrington_logo_final_2col_rgb.png)](https://www.carringtonmortgage.com) - [About Us](https://www.carringtonmortgage.com/our-mission) - [Careers](https://www.carringtonhc.com/careers) - [Investors](https://www.carringtonhc.com/investors) - [Contact Us](https://www.carringtonmortgage.com/contact-us) [Recent Transfer](https://www.carringtonmortgage.com/new-customers) [Customer Login](https://www.carringtonmortgage.com/login) MAKE HOME WORK Manage My Home arrow-down-anticon/submenu Manage My Mortgage arrow-down-anticon/submenu Learning Center MAKE HOME WORK Manage My Home arrow-down-anticon/submenu - I Am Ready to Start - [Buy a Home](https://www.carringtonmortgage.com/home-loans/buy-a-home/check-existing-customer) - [Refinance My Home](https://www.carringtonmortgage.com/home-loans/refinance-a-home/refinance-step) - What Loan Is Right For Me? 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That event could be soon as Central Bankers around the globe and our Fed Chair Jerome Powell are set to speak at the Jackson Hole Symposium in Wyoming. **Inflation Reduction Act Becomes Law** Last Tuesday, President Biden signed the Inflation Reduction Act. The $750B plan has a host of new taxes and spending measures in hopes to lower prices for everyday Americans while pushing forward with cleaner energy initiatives. Bonds and interest rates do not like inflation as evidenced by the doubling of rates in the 1st half of 2022. So, any reduction in inflation would be a welcome development for those who invest in bonds or are looking to borrow money. Leading into the signing and the initial market response thereafter showed no meaningful response. It will be some time before we see the economic impact of this new law. With the 1st half of 2022 showing the US in a recession, hopes are for a resumption of economic growth, and inflation coming down over time. **New Home Construction Slumping** Housing Starts and Building Permits are slowing with the latter showing a surprisingly bad 9.6% decline month over month when the markets expected just a 2.0% decline. New home construction and sales make up a much smaller portion of the overall housing market, but the slowdown will have a negative impact on available housing inventory until the market finds balance. As the old saying goes...the cure for higher prices is higher prices. Home sale prices have declined offering potential home buyers a great opportunity, especially with rates having retreated since mid-June. **Oil Falling Beneath $90 a Barrel** Rising energy and daily essential costs have been the main culprit for high inflation and the economic slowdown in the first half of 2022. We are continuing to see signs of relief at the pump as oil has fallen from $124 a barrel to $87. Oil prices decline in one of two ways: 1.) We create more supply 2.) Demand decreases through an economic slowdown In China, they are struggling with both continued Covid lockdowns as well as a serious economic slowdown. This was a reason for the decline in oil this week. If oil continues to decline, it will go a long way to helping consumers regain their footing. With the savings rates declining, we need to bring consumers more relief on energy and daily essentials. **Bottom line:** *Home loan rate improvement has stalled of late as financial markets try to figure out whether inflation has peaked and how far the Fed will go with rate hikes. Until the next Fed Meeting, we should expect more uncertainty and volatility.* ## Related Articles [![](https://info.carringtonmortgage.com/hubfs/Market%20Trends_2022.08.29.jpeg)](https://info.carringtonmortgage.com/knowledge-base/rising-rates-and-new-home-sales) [Work Trends](https://info.carringtonmortgage.com/knowledge-base/tag/work-trends) ### [Rising Rates and New Home Sales](https://info.carringtonmortgage.com/knowledge-base/rising-rates-and-new-home-sales) Last Week in Review: Rising Rates and New Home Sales [CMS Marketing](https://info.carringtonmortgage.com/knowledge-base/author/cms-marketing) [Read More](https://info.carringtonmortgage.com/knowledge-base/rising-rates-and-new-home-sales) [![](https://info.carringtonmortgage.com/hubfs/IMAGES/Market%20Trends/Market%20Trends_2022.07.25.jpeg)](https://info.carringtonmortgage.com/knowledge-base/its-fed-week) [Market Trends](https://info.carringtonmortgage.com/knowledge-base/tag/market-trends) ### [It's Fed Week](https://info.carringtonmortgage.com/knowledge-base/its-fed-week) Last Week in Review: It's Fed Week [CMS Marketing](https://info.carringtonmortgage.com/knowledge-base/author/cms-marketing) [Read More](https://info.carringtonmortgage.com/knowledge-base/its-fed-week) ## Mortgage & Lending Services - [Buy a Home](https://www.carringtonmortgage.com/home-loans/buy-a-home) - [Refinance a Home](https://www.carringtonmortgage.com/home-loans/refinance-a-home) - [Mortgage Calculators](https://www.carringtonmortgage.com/tools/calculators) - [The Loan Process](https://www.carringtonmortgage.com/tools/loan-process) - [Find an Expert](https://www.carringtonmortgage.com/find-an-expert) - [Home Builders](https://www.carringtonmortgage.com/Partner-with-Us/home-builders) - [Real Estate Agents](https://www.carringtonmortgage.com/Partner-with-Us/real-estate-agents) ## Terms - [Privacy Policy](https://www.carringtonmortgage.com/legal/privacy-policy) - [California Consumer Privacy Act Notice](https://www.carringtonmortgage.com/legal/ccpa-notice) - [State Licensing](https://www.carringtonmortgage.com/legal/state-licensing) - [Terms and Conditions](https://www.carringtonmortgage.com/legal/terms-conditions) - [Best Practices](https://www.carringtonmortgage.com/legal/best-practices) - [Fair Lending Statement / HMDA Notice](https://www.carringtonmortgage.com/legal/fair-lending-statement) - [Consumer Fraud Alert](https://www.carringtonmortgage.com/legal/consumer-fraud-alert) - [Equal Opportunities](https://www.carringtonmortgage.com/legal/Equal-opportunities) ## Manage Your Mortgage - [Payment Options](https://www.carringtonmortgage.com/payment-options) - [Mortgage Assistance](https://www.carringtonmortgage.com/mortgage-assistance) - [Disaster Assistance](https://www.carringtonmortgage.com/disaster-assistance) - [Scheduling Servicing Fee](https://www.carringtonmortgage.com/schedule-of-fees) - [Payoff Statements](https://www.carringtonmortgage.com/payoff-statements) ## Contact Us - Current Customers ## About Us - [Our Mission](https://www.carringtonmortgage.com/our-mission) - [Foundation](https://www.carringtoncf.org) - [Holding Company](https://www.carringtonhc.com) - [Accessibility](https://www.carringtonmortgage.com/accessibility) - [Press and Media](https://www.carringtonmortgage.com/pressandmedia) - [Contact us](https://www.carringtonmortgage.com/contact-us) ## Get the App [![](https://info.carringtonmortgage.com/hs-fs/hubfs/raw_assets/public/Templates/2022/svg/Carrington-mobile-apple.jpg?width=135&height=42&name=Carrington-mobile-apple.jpg)](https://apps.apple.com/us/app/carrington-mobile/id1673471360) [![](https://info.carringtonmortgage.com/hs-fs/hubfs/raw_assets/public/Templates/2022/svg/White-Google-1.jpg?width=135&height=42&name=White-Google-1.jpg)](https://play.google.com/store/apps/details?id=com.carringtonms.CMSMobile2&pli=1) [Icon-Facebook](https://www.facebook.com/CarringtonHomeLoans/) [Icon-Twitter](https://twitter.com/CarringtonMS) [Icon-Linkedin](https://www.linkedin.com/company/carrington-mortgage-services-llc) [Icon-Instagram](https://www.instagram.com/carringtonmortgage/) Icon-EHO Consumer Access NMLS ID #2600 | Copyright 2026 Carrington Mortgage Services, LLC. 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