Daily Rate Update: June 15th-19th

Friday – June 19, 2020 Signs that the U.S. economy is recovering as states reopen continued today with many reports streaming in positive since May. McDonald’s, the world’s largest fast-food chain, announced this week it will be hiring 260,000 workers … Read More

Mortgage Rates Fell to a Record Low

If you locked in an interest rate on Thursday, you are one happy camper today. Mortgage rates dropped to an all-time low last week. They settled at 3.1% for a 30-year fixed-rate mortgage. This came right after the week before … Read More

Daily Rate Update: June 8th-12th

Friday – June 11, 2020 Consumers were more hopeful of a recovery to the U.S. economy in the early part of this month as many states reopened and the employment picture for May showed signs of a turnaround. Consumer Sentiment … Read More

Four Reasons Why A V-Shaped Recovery Is Possible

Today had some very promising data for the housing market, pointing towards the possibility of a v-shaped recovery. Here are some facts that came on Monday, June 8th: The JOLTS Job Report showed a gain of 2.5 million jobs The … Read More

Daily Rate Update: June 1st-5th

Friday – June 5, 2020 The labor market got a needed booster shot in the arm today by way of a huge gain in the number of jobs created in May. The Bureau of Labor Statistics reports that 2.5 million … Read More

Self-Employed Borrowers: Read Here

Fannie-Mae issued a letter recently with additional requirements for borrowers who are self-employed. This comes as new regulations continues to emerge as our economy is gripped by the pandemic and it’s impact on businesses. The letter states that the lender … Read More

Daily Rate Update: May 26th-29th

Friday – May 29, 2020 Inflation has been non-existent in the past two months due to the coronavirus induced shutdown of the U.S. economy. The inflation reading Core PCE fell to 1% annually in April, down 0.5% monthly from March. … Read More

It’s Just The Facts: May 2020

A DISINCENTIVE TO GO BACK TO WORK – An estimated 65%-75% of out-of-work Americans who are receiving unemployment benefits are being paid more money per week than they were receiving pre-pandemic from their employment (source: J.P. Morgan “Eye on the … Read More

Daily Rate Update: May 18th-22nd

Thursday – May 21, 2020 Nearly 39 million Americans have lost their jobs in the past nine weeks due to the economic shutdown. However, with many states reopening, Memorial Weekend upon us and the American spirit ready to go – … Read More

Is It A Buyer’s Market?

As some states and cities start the re-opening phases of their economies, people are now more interested in buying homes. With the technology in their hands, they can view all the homes on the market through a virtual tour and … Read More

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