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
Looking For Cracks
The 10 Year Treasury Note seems to have settled down onto a floor of support at 5.29%. The good news…
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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
It seems that everybody is looking through those rose-colored glasses we were talking about yesterday. The S&P closed at another all-time high of 1911, and MBS crept to a new…
jeremyMay 28, 2014
Every report out today is positive and cause for a bright outlook. The Case Shiller Index shows that home prices rose 12.4% from March 2103 through March 2014. Consumer Confidence…
jeremyMay 27, 2014
Existing Home Sales are up marginally for the April reporting period from 4.59M to 4.65M annualized units sold. These are an increasingly number of bonafide buy/sells and not distressed properties. …
jeremyMay 22, 2014
Zillow reports that negative equity declined 18.8% during the first quarter of this year. That's more people that can now sell the home they have had since 2007 to purchase…
jeremyMay 21, 2014
After popping up above the record 1900 threshold a week ago, the S&P has been down as much at 2% but is now gaining momentum. That is cause for concern…
jeremyMay 19, 2014
Thank you for voting my company the Best Mortgage Company in Utah Valley this year. I am fortunate to have the best clients in the State and really love helping…
jeremyMay 16, 2014
Freddie Mac has started allowing a one year income waiver again, meaning that certain well qualified borrowers can get away with only showing the previous year's tax returns instead of…
jeremyMay 14, 2014
Case Shiller confirms that home prices across the country rose 11.3% in 2013 and anticipates that number to shrink in half for the 2014 year (don't shoot the messenger). Speaking of…
jeremyMay 13, 2014