On Friday, both Stock and Bond markets were heavily sold off after the Jobs Report created uncertainty for the future of interest rates. One of them was bound to be a loser, and as it turns…
The Labor Department reported that there were 295,000 new (non-agricultural) jobs created last month, 19% more than the number that the markets expected. Additionally, the Unemployment Rate slid down to…
The European Central Bank will start purchasing Bonds next week in the hopes of stimulating the EU economy. Their ambitions are not necessarily lower rates (which are at 310 year…
The U.S. Census Bureau published 2014 fourth quarter residential vacancy and homeownership rates, with the national vacancy rate at 7 percent for rental housing and 1.9 percent for homeowner housing.…
Pending Home Sales for January are up 1.7% which is great, but it's below the 2.4% expected. As it happens, the luxury home market is seeing the largest growth across…
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…
The S&P, Bonds and oil prices are all up marginally after Fed Chair Janet Yellen testified on Capitol Hill about the Fed's monetary policy and the current state of the US economy. A few…
Existing Home Sales declined 5% to an annual rate of 4.82 million commissions checks being written. I am not sure where in this country is experiencing slow sales right now;…
The elephant in the room is when interest rates will start to rise. Is our economy strong enough to handle it this quarter, this summer, even this fiscal year? Yes,…
Yesterday's FOMC minutes mentioned the word "patience" in the context of how students of the economy should await the eventual rising of interest rates by our hey-we-are-doing-the-best-we-can policy makers at the…
The S&P closed at another all-time high and although interest rates took a beating yesterday as a result, I won't bore you with another chart today. Needless to say, the…
It's been quite a boring week in the world of economic data, and that has made for some interesting discussions. Meaningless, but interesting all the same. It's like my favorite show…
Looks to be a quiet day in a world usually fraught with anxiety-inspiring headlines and scandalous stories of those in positions of influence. The beating bears are taking a breather, giving our mortgage bonds…
Not much out there today in the financial report arena. Europe's oldest prodigal son, Greece, appears to be willing to stay in the EU family, and has all but been granted…