After six months of deliberating, the Federal Reserve yesterday announced a plan to start tapering their purchases of mortgage backed securities and 10 year treasury bonds by $10,000,000,000 per month. …
jeremyDecember 19, 2013
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 Bond Market is a little skittish this morning ahead of the Fed’s last meeting of the year. At Ben Bernanke’s last meeting as Chair of the Federal Reserve, the…
jeremyDecember 18, 2013
The Consumer Price Index, a measure of the cost of living across the country, was released this morning. The report shows that prices of the stuff we buy are up…
jeremyDecember 17, 2013
This month’s Federal Open Market Committee meeting begins tomorrow and culminates on Wednesday at noon our time with the reading of the monetary policy statement. Some speculate that the Fed…
jeremyDecember 16, 2013
I think that this week’s weather is exactly what Paul Simon (or The Bangles if you are younger) envisioned by “the sky is a hazy shade of winter”—except that there…
jeremyDecember 13, 2013
Good News across the board this morning: Initial Jobless Claims are up 68,000 this week; Retail Sales are up 0.7%; Export Prices are up 0.1% and Import Prices are down…
jeremyDecember 12, 2013
Budget negotiators unveiled an agreement yesterday to cut spending by about $63 billion over two years, cutting the deficit by $23 billion. Gamblers cloaked as Traders on Wall Street see…
jeremyDecember 11, 2013
Another Happy Friday to You, The highly anticipated Jobs Report was released this morning, revealing that employers created 203,000 job last month, above the 188,000 expected and shockingly close to…
adminDecember 7, 2013
Whether you are buying a home, acquiring investment properties, seeking to pay off your mortgage more quickly, consolidating your debt, or just lowering your payment, my job is help you…
adminDecember 7, 2013
Happy Friday! A prominent home value website shows that prices bumped up 1.2% during the peak home buying season of June through September. They show that values only increased 6.4% from last September,…
adminNovember 22, 2013
Happy Friday, The big headline today is that 204,000 new jobs were credited last month, more than double the 100,000 expected. Oddly enough, the Unemployment Rises to 7.3% from last…
adminNovember 8, 2013