Hearing a client's gasp this morning who hasn't applied for a mortgage in awhile reminded me of how incredible these interest rates really are, so I thought I'd share with you…
jeremyJuly 8, 2014
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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Goldman Sachs suggested this morning that interest rates will start rising in the 3rd quarter of 2015, six months sooner than their chief Divination Instructor last foretold. This is a result of…
jeremyJuly 7, 2014
The Bureau of Labor reported today that the Unemployment Rate in the U.S. dropped to 6.1%, the lowest since September 2008 and below the 6.3% reading expected. Helping curtail the unemployment…
jeremyJuly 3, 2014
Ahead of the official Jobs Report out tomorrow (one day early because Friday is the 4th), ADP shows that there were 281,000 new jobs created last month. This is well ahead of the…
jeremyJuly 2, 2014
A surge in manufacturing on the United Kingdom and China helped the DOW and S&P to both close at record-highs today. The move comes at the expense of bond sales,…
jeremyJuly 1, 2014
On the heels of yesterday's "assumption" by the markets, today Fed Governor James Bullard said that interest rate hikes "should come sooner rather than later". Not much reaction from Bonds,…
jeremyJune 26, 2014
The final GDP reading for the first quarter of the year was released today showing that the US economy actually contracted by 2.9% over the three month period. Ordinarily that…
jeremyJune 25, 2014
New Home Sales surge by 18.6% last month to an annual rate of 504K, well above the 440K anticipated. Still, according to the National Association of Home Builders, we haven't…
jeremyJune 24, 2014
Ten years ago, the homeownership rate in the US was 69.2%; today it has fallen to 64.8%. Where the American dream has historically owning your home, this is a sobering…
jeremyJune 23, 2014
The Unemployment Rate remains at 6.3% after 217,000 new jobs were created last month. Over the last six years since the "Great Recession" the U.S. has recovered 8.7 million jobs. Even still, the…
jeremyJune 6, 2014
All eyes are on the employment outlook ahead of tomorrow's Jobs Report by the BLS. Forecasters predict 220,000 new jobs to have been created, well below the 288,000 from last…
jeremyJune 5, 2014
Ordinarily, bad economic news makes traders nervous, causing them to take money out of stocks to put into bonds which drives bond prices up and interest rates down. Lately that…
jeremyJune 4, 2014
In the absence of any news--desirable or not--mortgage pricing is slipping back down to the recent three-week long plateau representing the lowest rates in the last year sans the these most…
jeremyJune 3, 2014
Interest rates continue to be offered at 12 month lows! And for the first time in a year, Personal Income was reported higher than Personal Spending--meaning that as a country…
jeremyMay 30, 2014
Fickle? Unpredictable? Uneducated? Looking for words to describe the market's reaction to a negative GDP reading for the first quarter of 2014. Gross Domestic Product is the mack daddy of economic reports…
jeremyMay 29, 2014