Daily Rate Update: October 21st-25th

Friday – October 25, 2019 There will be several hurdles for the US financial markets to jump and for investors to digest next week. The ADP Private Payrolls Report and the government’s Jobs Report, both for October will be delivered. … Read More

There Are Not Enough Houses On The Market

A recent report from Zillow reads that housing inventories continue to decline as supply can’t keep up with demand. After a weak recovery in inventories earlier in the year, the situation has gotten worse as for-sale inventory tumbled in September. … Read More

Daily Rate Update: October 15th-18th

Friday – October 18, 2019 A recent report from Zillow reads that housing inventories continue to decline as supply can’t keep up with demand. After a weak recovery in inventories earlier in the year, the situation has gotten worse as … 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

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