Daily Rate Update: August 26th-30th

Friday – August 30, 2019 US consumer spending surged in July as Americans spent on an assortment of goods and services, which could further diminish the chances of a recession here in the US. Personal spending rose 0.6% in July, … Read More

It’s Just The Facts: August 2019

THE ECONOMY AND THE WHITE HOUSE – There have been just 2 US presidents in the last 75 years who were elected to a first term in office who failed to win their re-election bid for a 2nd term – … Read More

Daily Rate Update: August 19th-23rd

Friday – August 23, 2019 Sales of newly-constructed single-family homes fell in July from June, though the numbers in June were revised sharply higher. Low mortgage rates have been a support mechanism for the housing market while low inventories and … Read More

Back to School 2019: Moving with Kids

A new report from the National Association of Realtors, 2019 Moving With Kids, explores the various home buying habits and seller preferences of those who have children under the age of 18 years old  living in the home. The report … Read More

Daily Rate Update: August 12th-16th

Friday – August 16, 2019 New home construction across the US in July declined from June falling for the third straight month, due in part to a drop in multi-family dwellings. US housing starts fell nearly 4% in July from … Read More

It’s Just The Facts: July 2019

It’s Just The Facts: July 2019 GOING, GOING, GONE – 7,037 American retail stores have closed YTD through 6/30/19, already exceeding the 5,864 closures that occurred during all of calendar year 2018. This year’s store closures are on pace to … Read More

Daily Rate Update: August 5th-9th

Friday – August 9, 2019 Fannie Mae reports that due to improving job and mortgage rate expectations, its housing sentiment survey hit a fresh high in July. The Home Purchase Sentiment Index rose 2.2 points in July to 93.7, a … Read More

Reaction to The Fed Lowering Rates

The Federal Reserve lowered the Federal Funds rate yesterday by .25%, ending their cycle of raising this key rate 8 times by .25% in the recent years. The latest move was in response to tame inflation numbers and a global … Read More

Daily Rate Update: July 29th-August 2nd

Friday – August 2, 2019 And the survey says: 164K jobs created in July, just above the 160,000 expected, reports the Bureau of labor Statistics. The report showed that revisions for May and June were revised lower by 41,000, the … Read More

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