I sent this photo to some of my co-workers yesterday as a representation of what it feels like we do here at the office when interest rates drop and 100 loans need to fund by the end of the month. That’s why I missed yesterday’s blurb and why I am not sending this email out until 1:30 today–it’s not that I don’t love you or anything.
Okay, back to the topic at hand: The FHFA (Fannie & Freddie’s dad) reports that housing prices rose 1.4% in the last quarter of 2014, and 4.9% from the same time 12 months prior. For the more boring stuff that we don’t really care about, Inflation at the consumer level dropped by 0.7% last month, Unemployment Filings rose 10% last week, and Durable Orders are up almost twice the expected level.
