"It's a small world after all" If inflation moves lower or is expected to move lower - rates must go lower as well. That's the situation right now. The financial markets and interest rates also follow inflation on a global sca
Mar 08, 2019 | Mortgage News
The Census Bureau reports that New Home Sales rose 3.7% in December to an annual rate of 621,000 units, a seven-month high and above the 572,000 expected. Sales were down 2.4% from December 2017 to December 2018 while sales for November were revised lower
Mar 05, 2019 | Mortgage News
This past week, the Bureau of Economic Analysis (BEA) reported the U.S. economy, as defined by Gross Domestic Product (GDP), grew at a 2.6% rate in the fourth quarter of 2018. Economists and the markets were expecting 2.0% to 2.3%, so this was a nice upsi
Mar 01, 2019 | Mortgage News
Delayed December Housing Starts fell 11.2% from November to an annual rate of 1.078 million units versus the 1.254 million expected. It was the slowest pace since September 2016. Building Permits were essentially unchanged at 1.326 million versus the 1.29
Feb 26, 2019 | Mortgage News
'Only got twenty dollars in my pocket' ...Thrift Shop by Macklemore & Ryan Lewis. The financial markets are sensing a government shutdown and protracted trade war with China will be averted. This is good news and a reason why Stocks have co
Feb 14, 2019 | Mortgage News
Mortgage interest rates fell to their lowest point in 10-months, according to data from Freddie Mac. The average rate on a 30-year fixed-rate mortgage dropped to 4.41% with an average 0.4 point, down from 4.46% the week before and 4.32% one year earlier.
Feb 12, 2019 | Mortgage News
