Retail Sales dropped 0.9% in December, or down -1.0% if you strip out automobiles. The consensus among brainiacs who forecast this sort of thing was that the numbers would remain unchanged. Import…
jeremyJanuary 14, 2015
May Jobs Report
Today's Jobs Report shows that 28% fewer new positions were created than were expected. Most of those new jobs were…
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There are currently 4.972 million job openings in the United States; that's the most since late 2000. But the available positions aren't as well paying or as glamorous as they…
jeremyJanuary 13, 2015
CoreLogic reports this morning that there are still 5.1 million homes underwater in the U.S, down from 6.5 million a year ago. Way to go collective America. In about 20…
jeremyJanuary 8, 2015
Here is something that will effectively be shouted from the housetops as it were: a press release this morning says that on Thursday President Obama will announce that FHA monthly MI…
jeremyJanuary 7, 2015
Home prices across the nation rose 5.5% November to November according to CoreLogic, who also forecasts a 4.6% appreciation rate in the year ahead. Including distressed sales, home prices in…
jeremyJanuary 6, 2015
Happy New Year to all of my friends! The bond market is beginning 2015 much better than it began 2014; we are now trading at levels not seen since May of…
jeremyJanuary 5, 2015
I hope that you had a wonderful Christmas holiday! I will be the first to admit that it was particularly difficult to come in to the office this morning, especially…
jeremyDecember 29, 2014
Freddie Mac calculates that prices of homes across the country will have risen an average of 4.5% this year, and expects that gain to continue to moderate through 2015. Home…
jeremyDecember 19, 2014
Yesterday the Fed gave the markets a sign that short-term interest rates are not going to be raised anytime soon: "Based on its current assessment, the Committee judges that it…
jeremyDecember 18, 2014
Seeking to build up the home of the brave can't be an easy job. The two day Federal Open Market Committee meeting concludes today at about noon our time. The markets…
jeremyDecember 17, 2014
New Building Permits reported this morning at a decline of 5%, and Housing Starts are lower by 1.6%, both compared to last month's issuance. That means that fewer new homes…
jeremyDecember 16, 2014
I have been financing homes now for 17 years. Most of the focus of the applicant's ability to repay a loan is placed on his current earnings. Sure, there are…
jeremyDecember 12, 2014
This chart from Freddie Mac shows the history of interest rates over my lifetime and should be an encouragement to just about anyone to get a mortgage. FHA just announced that they will…
jeremyDecember 11, 2014
No economic reports out today, but the demand for Bonds is keeping prices within 0.5% of YTD highs. Why this lil' elf looks this way is because of the financial outlook for his…
jeremyDecember 10, 2014