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Consumer confidence retreated a bit in August. However, it remained strong overall, offsetting a weakening in the outlook on economic conditions. Second quarter economic growth was revised down to 2% from 2.1%, in line with expectation. The economy grew at a 3.1% rate in the January-March quarter. New home sales sank more than expected in […]
The Fed kept policy rates unchanged at this week’s FOMC meeting. However the policy statement left the door open for possible rate cuts later this year. The 10 year Treasury yield dropped below 2% this week for the first time since November 2016. Falling yields could indicate that lower rates are yet to come. Bonds […]
Mortgage Rates continue to improve as mortgage bonds reach levels not seen since 2017. The outlook remains good that rates could go even lower this year. As U.S. trade tensions have increased, so have concerns about a global economic slowdown, helping mortgage rates remain low. The Fed is starting to signal it is open to […]
Mortgage rates continue to improve as mortgage bonds reach levels not seen since 2017. The outlook remains good that rates could go even lower this year. As U.S. trade tensions have increased, so have concerns about a global economic slowdown, helping mortgage rates remain low. The Fed is starting to signal it is open to […]
Homeownership is still a cornerstone of the American Dream! 50% of renters are determined to own a home. Understanding financing options, down payment, closing costs and buying power does not have to take a long time or be intimidating. I like to think of it more as a conversation, a question and answer session. And […]
Tweets by President Trump reignited investor concerns over the trade talks with China. Stocks dropped from recent highs as investors’s anxiety increased. Although the trade dispute with China has not directly helped mortgage rate, newly proposed tariffs could hamper global economic growth, helping rates. Low inflation has offset strong employment, helping keep rates low. Although […]
Stocks continue to bounce off of record highs, helped by strong corporate earnings. Money moving from bonds back into stocks can continue to pressure rates higher. New home sales hit a year and a half high in March, boosted by home prices and lower mortgage rates. It was the 3rd straight monthly increase for new […]
Recent optimism in the global economy has been helped by the upbeat economic data in China. This has pressured mortgage rates to move higher this week. Fed’s do not see signs of inflation at this time. This is good! Inflationary signs pressure interest rates to move higher. Receive Your Free Buyers Guide Spring Edition Below
Signaling a possible slowdown in the economy, retail sales dropped 0.2% in February. Slower economic activity is likely to keep the Fed’s from raising rates. Mortgage Rates bounced up off the recent 12 month lows this week, looking for signs of stabilizing next week. Talks with China and the US for a new trade deal […]
