It's Jobs Week, with the JOLTS, ADP, and BLS reports being published tomorrow, Wednesday, and Friday, respectively. The Unemployment Rate is anticipated to rise back up to 4.5% after spending…

The current administration has selected Kevin Warsh as the next Fed Chair.  I'm sure the Kevinator will get much press time over the next few months as the market tries…

As anticipated, the Fed voted to keep their Overnight Rate unchanged at 3.5%-3.75%. Though the media reports that it was a unanimous decision, there were two voting members who did…

This info will probably not surprise you, but I find graphs very instructive so I'm sharing it anyway.  This graph comes from the Mortgage Bankers Association and shows the number…

The Consumer Confidence Survey reflects prevailing business conditions and likely developments for the months ahead. This monthly report details consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation,…

When your President is a former reality TV star, he knows how to get airtime. I've been following market indicators now for the better part of three decades and have…

We're having trouble in the islands. The first one is large with few inhabitants.  The US's attempt to take control of Greenland and impose tariffs on the entire European Union until Denmark…

The National Association of REALTORS® reports that existing‑home sales in December rose 5.1% from November to an annual rate of 4.35 million units and were up 1.4% year-over-year. Inventory remains…

Core inflation (headline CPI minus food and energy) rose 0.31% last month and 2.6% year-over-year.  That's down significantly from the 6.6% peak in September 2022.  Underlying inflation pressures have eased significantly…

I shutter to think of what a scrutinized life on the public stage would be like.  For that reason I'm not one to point fingers. But either the Bureau of Labor…

Let's first touch on the subject that matters to us most.  Data this morning shows home values across the country declined 0.1% last month and the year-over-year values rose 1.0%.…

Today, two Fed Governors confirmed what I wrote about on Friday.  And that is, inflation is decelerating due to a reduction of housing costs and a shrinking labor market. The…

Happy New Year! I hope you have a prosperous and contented 2026. I understand that your world doesn't revolve around mortgages like mine does, so hopefully you can find information…

Mortgage-backed securities are sitting at the highs (low rates) seen a month ago and hopefully tracking toward the previous 2025 highs that we saw toward the end of October and…

Third quarter GDP was published today at 4.3% growth rate.  That's a solid percentage point above expectations and a half percent higher than second quarter. Averaging the first three quarters…