RECENT BLOG POSTS
This morning, JPMorgan Chase CEO Jamie Dimon said the U.S. economy should continue growing steadily but mentioned the big hurdles in Brexit, China and the government shutdown. He said if the Fed gets it right and if Congress can straighten out the shutdown, GDP could grow at a consistent 3% rate....
The National Association of REALTORS® reports that Existing Home Sales fell 6.4% in December from November to an annual rate of 4.99 million annualized units versus the 5.25 million expected. Lower sales in December were due in part to higher mortgage rates in early December along with an ease in...
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The Labor Department reported on Friday that 312,000 new workers were added in December, well above the 180,000 expected, and brings the three-month average to a frothy 254,000K! The 312,000 was the largest increase since February 2018's 324,000 while October and November were revised higher by a...
Mortgage rates continued to decline this week due in part to U.S. Stocks melting down, which pushed Bond prices higher and rates lower. Freddie Mac reports that the 30-year fixed-rate mortgage fell four basis points to 4.51% with an average 0.50 in points and fees. Freddie Mac said, "Low mortgage...
CoreLogic reports that home prices, including distressed sales, rose 5.1% from November 2017 to November 2018, just below the 5.4% gain seen in October. That is down from the 7% gain seen year-over-year in March of this year. On a month-over-month basis, prices rose 0.4% from to October 2018 to N...
Mortgage rates continues to decline this week due in part to the meltdown in the stock markets, which drove bond prices higher. Freddie Mac reports that the 30-year fixed-rate mortgage fell by seven basis points to 4.55% with an average 0.5 in points and fees. Freddie Mac said, "The drop in mortg...
The National Association of REALTORS® (NAR) reports that Existing Home sales in November rose 1.9% from October to an annual rate of 5.32 million units versus the 5.20 million expected. Gains were seen in the Northeast, Midwest and South with losses in the West. Existing Home Sales include transa...
It's Fed week! The Fed kicks off its two-day Federal Open Market Committee meeting tomorrow and will end on Wednesday at 2:00 p.m. ET with the monetary policy statement and a projection of economic indicators. The Fed's Powell will hold a press conference at 2:30. The Fed is expected to hike the ...
CoreLogic reports that home prices, including distressed sales, rose 5.4% from October 2017 to October 2018. That is down from the 7% gain seen year over year in March of this year. On a month over month basis, prices rose 0.5% from September 2018 to October 2018. Looking ahead, CoreLogic sees a ...