Daily Rate Update: October 15th-18th

Wednesday – October 16, 2019 Home builder sentiment increased in October to its highest level in 20 months due in part to low mortgage rates, solid job growth and a decline in new home inventory. The National Association of Home … Read More

It’s Just The Facts: September 2019

A NEW HIGH – After adjusting numerical data from the past for the impact of inflation, the median household income in 2018 ($63,179) is the highest ever recorded in the USA and the 3rd consecutive year (2016-2018) that produced an … Read More

Daily Rate Update: October 7th-11th

Friday – October 11, 2019 Given the low mortgage rate environment home buyer appetite has increased leading to a shortage of homes for sale on the market. Realtor.com reports that during September, the national inventory of homes for sale declined … Read More

U.S. Jobless Rate Hits 50-Year Low

The United States is in the longest economic expansion in its history. And to further show the strength of the economy, the unemployment rate in the country has dropped to a 50-year low. In September, the Bureau of Labor Statistics … Read More

Daily Rate Update: September 30th-October 4th

Friday – October 4, 2019 And the survey says: 136K jobs were created in September which was just below expectations of 145,000. Inside the report it was mostly upside surprises. First, there were solid upward revisions for the previous two … Read More

The Federal Reserve’s Biggest Test

The Federal Reserve lowered the Federal Funds rate for a second time this year. They lowered the Federal Funds rate by .25%. The Fed left the “door open” to another drop later this year at their next meeting, but it … Read More

Daily Rate Update: September 23rd-27th

Friday – September 27, 2019 Inflation, as measured by the Core PCE, rose to 1.8% annually in August from 1.7% in July, which was revised from 1.6%. The Core PCE is the Fed’s favorite inflation gauge and has set a … Read More

Foreclosure Starts at an 18-Year Low

In August this year, foreclosure starts sank to their lowest level in more than 18 years! That is according to the latest First Look report from Black Knight. Foreclosure starts fell to 36,200 for the month – which is the … Read More

Daily Rate Update: September 16th-20th

Friday – September 20, 2019 The Federal Reserve cut its benchmark interest rate on Wednesday by 0.25% but there have been a few differing opinions as to what the Fed members should have done. This morning, St. Louis Fed President … Read More

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