New Year, New Interest Rates

Where Will Interest Rates Go In 2019? This is a very common question.  The answer?  No one really knows.  But the common thought is that rates, more specifically for our discussion, mortgage rates, will increase next year.  “Well how high … Read More

Daily Rate Update: January 2nd-4th

Friday – January 4, 2019 The Labor Department reported on Friday that 312,000 new workers were added in December, well above the 180,000 expected, and brings the three-month average to a frothy 254,000K! The 312,000 was the largest increase since … Read More

Economic Outlook for 2019

What Is In Store For Our Economy Next Year?   I want to share a quick summary of the Chapman Economic Forecast for 2019 with you. The biggest question everyone has at the end of the year is what is going … Read More

Daily Rate Update: December 17th-21st

Friday – December 21, 2018 Inflation pressures remained contained in November as evidenced by a key barometer that the Federal Reserve closely watches. The Core Personal Consumption Expenditure (PCE) came in at 1.9% year-over-year in November, just above the 1.8% … Read More

Daily Rate Update: December 10th-14th

Friday – December 14, 2018 The consumer continued to spend in November after some impressive numbers in October. November Retail Sales rose 0.2%, which was inline with expectations, but that doesn’t tell the whole story. When looking under the hood, … Read More

Daily Rate Update: December 3rd-7th

Friday – December 7th, 2018: The Bureau of Labor Statistics reported on Friday that U.S. employers added 155,000 new workers in November, below the 189,000 expected. Revisions for September and October were revised lower by a total of a modest … Read More

It’s Just The Facts: November 2018

Housing Facts You Need To Know: OWNERS AND RENTERS – The 111.7 million households that existed in the United States on 9/30/08 were split 68/32 between 75.9 million owners and 35.8 million renters.  The 121.4 million households in the United States on 9/30/18 were split 64/36 between 78.1 million owners and 43.3 … Read More

Daily Rate Update: November 26th-30th

Friday – November 30, 2018 Freddie Mac released its Economic & Housing Forecast for November revealing that it expects modest housing market growth in 2019. Freddie Mac expects home sales to increase 1% to 6.08 million units in 2019 and … Read More

Daily Rate Update: November 19th-23rd

Wednesday – November 21, 2018 The National Association of REALTORS® reports that Existing Homes Sales rebounded in October after six straight months of declines. Existing Homes Sales rose 1.4% from September to an annual rate of 5.22 million units, just … Read More

Daily Rate Update: November 13th-16th

Friday – November 16, 2018 U.S. Stocks are closing out the week the same way they came in… with extreme volatility. The Dow Jones Industrial Average traded as high as 26,000 with a low of 24,787. Stocks were influenced this … Read More

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