Twenty years ago yesterday, I graduated from college. Like this guy, I wondered what in the world I was supposed to do with the rest of my life. Though some days I still feel the same anxieties, it is nowhere near the state of mind boggling perplexity that I felt on that momentous occasion. Nowadays. the greatest flummox I feel is in deciding what in the world to write about that you might find mildly entertaining, marginally interesting, or worth passing along to your clients.
After a month long march downward, mortgage interest rates turned a corner and are heading back up. Here are a few of the factors impacting that trend today:
New Home Sales rose 5.8%, to an annualized 621,000 units–above the 590,000 predicted.
Trump’s tax reform is expected to happen for real. The rate on U.S. companies is expected to drop from 35% to 15%; no word yet on individual rates.
Consumer Confidence, though lower than expected, is still at record highs.
Large-cap company stocks are thriving, driving the DOW up 1.08% this morning.