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

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

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