Daily Rate Update: July 1st-5th

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

Preparing Your House To Sell

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

Daily Rate Update: June 24th-28th

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

Daily Rate Update: June 17th-21st

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

Daily Rate Update: June 10th-14th

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

It’s Just The Facts: May 2019

SELL IN MAY? – In analyzing the S&P 500 since 1989, the 6-month periods that begin on November 1st have beaten the 6-month periods that begin on May 1st in 19 of 30 years, i.e., the performance over the 30-years … Read More

Daily Rate Update: June 3rd-June 7th

Friday – June 7, 2019 And the survey says: 75,000 jobs created in May, well below the 180,000 expected. Downward revisions to March and April erased 75,000 jobs from what was previously reported. Job growth is averaging 164,000 in 2019, … Read More

Daily Rate Update: May 28th-31st

Friday – May 31, 2019 The fight-to-safety rages on this morning as global yields decline sharply with the German 10-year Bund yield at its lowest level ever … -0.22%. The bond buying was touched off by President Trump’s announcement that … Read More

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