Tuesday – July 16, 2019 A solid labor market coupled with rising home prices has pushed the overall mortgage delinquency rate to its lowest in more than 20 years, reports CoreLogic. The 30 days or more delinquency rate for April … Read More
The Kiplinger Letter is a publication that outlines the latest in the markets and our economy. Below is the information you need to know to make smart financial decisions for your future. The Fed: Despite the Federal Reserve signaling it … Read More
Friday – July 12, 2019 In recent years, potential homebuyers looking for a mortgage or those looking to refinance felt it took too long to close the deal once approved … but times have changed. LendingTree reports that the average … Read More
TEN YEARS – June 2019 is the 120th consecutive month of an economic expansion for the United States, tying the record set between March 1991 and March 2001. The nation has maintained records on the country’s business cycles, i.e., expansions … Read More
Wednesday – July 3, 2019 The Mortgage Bankers Association reports that the 30-year fixed-rate mortgage was essentially unchanged in the latest week at 4.07% with 0.38 in points and fees. Rates are at lows seen in September 2017. The Labor … Read More
Buyers are finally responding to lower mortgage rates. That was signaled by the newly released report on existing home sales. They rose 2.5% to an annual rate of over 5.34M homes. The median home sales price is now at $277,700. … Read More
Friday – June 28, 2019 Inflation in the US remained subdued in May which should hold mortgage rates at current low levels for the foreseeable future. The Bureau of Economic Analysis reports that the Core Personal Consumption Expenditure (PCE) was … Read More
Friday – June 21, 2019 The National Association of REALTORS® reports that existing home sales in May rose 2.5% from April to an annual rate of 5,340,000 units versus the 5,300,000 expected. Sales in April were revised higher. From a … Read More
The economy is on the brink of a record: The longest expansion ever, a milestone the US will hit in July. Ten years with no recession. Can if keep going or is a downturn near? There’s cause for concern, but … Read More
Friday June 14, 2019 The consumer is alive and well in the US as May retail sales jumped 0.5% from the gain of 0.3% in April, which was revised higher from a -0.2% while March was also revised higher. When … Read More