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…

The Bureau of Labor Statistics is getting caught up on their getting caught up on their economic reports that were not released during the government shut down a few months ago.…

The headline Consumer Price Index (CPI) increased 2.7% from a year ago.  The reading is lower than the 3.0% in September and below the 3.0% expected by analysts today.  The…

The long overdue Jobs Report from the Bureau of Labor Statistics was released this morning showing the Unemployment Rate increased from 4.4% up to 4.6%. I expected to see it at 4.5%…

Catching up from the shutdown, the Bureau of Labor Statistics will release both October's and November's Jobs Report tomorrow.  The consensus is for the number to bump fro the current…

Sure, the Fed cut their overnight rate by 0.25% this week, but Chair Powell's tone at the press conference afterward once again reminded us that the FOMC currently sees no justification…

Today the stock market index is at another all-time-high, while at the same time we learned that 236,000 people filed for unemployment benefits for the first time; that's an 18%…

The Fed meeting kicks off in D.C. today.  The monetary policy statement is due out tomorrow at noon our time, accompanied by the Summary of Economic Projections (A.K.A: the Dot Plot),…