Daily Rate Update: May 11th-15th

Friday – May 15, 2020 The pandemic induced shutdown put a big dent in retail stores across the nation with no sector left undamaged. April Retail Sales fell a record 16.4%, worse than the -12% expected. Gas stations, as well … Read More

Look To Real Estate To Help Our Economy

Back in 2008, when our economy crashed, the housing market was solely to blame. With the use of subprime loans, many borrowers defaulted on their mortgages causing a deep recession that we were just getting out of until Coronavirus hit. … Read More

Daily Rate Update: May 4th-8th

Friday – May 8, 2020 This morning, the Bureau of Labor Statistics reported the worst Non-Farm Payrolls report in U.S. history for April. Non-Farm Payrolls showed 20.5 million Americans lost their jobs last month while the Unemployment Rate soared to … Read More

It’s Just The Facts: April 2020

WITH THE PRESS OF A BUTTON – Over a 2-week period ending Friday 3/27/20, the Federal Reserve launched or reopened 6 lending facilities to provide billions of funds to distressed corporations, municipalities, investors, investment companies and money market funds: 1) … Read More

Daily Rate Update: April 27th-May 1st

Friday – May 1, 2020 Sell in May And go away! That’s how May is kicking off today with U.S. stocks considerably lower after Apple and Amazon reported mixed earnings. In addition, the White House is threatening new tariffs on … Read More

Daily Rate Update: April 20th-24th

Friday – April 24, 2020 Growing fears of a pandemic induced economic slowdown, chaos in the oil markets, a mixed bag of earnings and staggering first-time unemployment claims filled the event list this week in the markets. Economic data for … Read More

Are You Still Looking to Buy a Home Right Now?

Even in the midst of this COVID-19 pandemic, homebuyers are still shopping for homes. And lenders are still originating purchase mortgages. There are new ways to view homes now and lending restrictions that are making it harder for first-time homebuyers … Read More

Daily Rate Update: April 13th-17th

Friday – April 17, 2020 Plans and guidelines to reopen the U.S. economy along with a report out that a new drug could treat the virus are fueling the risk-on trade today. The White House announced guidelines last night to … Read More

The Fed To The Rescue

Like the cavalry to the rescue, the Federal Reserve came over the hill today and set forth an unprecedented stimulus package to the tune of $2.3T. This is to provide liquidity, relief and help to stimulate the economy. From the … Read More

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