RECENT BLOG POSTS
The past few weeks have been steady as she goes, so I'm going to mail in this post.  Interest rates took a nice dip last week and continue to hold ground just north of 4%, lending support to the housing market, while real estate remains stable with moderate softening.  Existing home sales came in...
03/30/2019
If you've followed my previous blogs, I've postured that the slowdown in real estate was a brief pause, rather than a substantial decline in the market.  February's existing home sales bounced back with a blistering 12% increase over January, but still down 2% year over year.....I'll take it!  Th...
03/23/2019
Mortgage interest rates dipped to the mid-4% range in the fourth quarter of 2018 largely fueled by concerns over a European economy that can't seem to get out of first gear over the past 10 years, and ongoing China trade negotiations.  More recent housing and employment data has put economists a ...
03/09/2019
GDP Beats Forecasts In my last blog post, I reported sales of newly built home increased 40% month over month in December lending optimism that maybe the fourth quarter slowdown in housing would be a short-lived breather followed by a pick up in sales as we near the spring market.  Unfortunately,...
03/03/2019
While the country was braving frigid temperatures during the polar vortex, new home sales were on fire. The Mortgage Bankers Association  reported a substantial increase in sales of newly built homes last month.  The Builder Application Survey (BAS) conducted by the Mortgage Bankers Association i...
02/16/2019
Interest rate markets remain stable with continued concerns over anemic economic growth in Europe, Brexit, and the ongoing China trade talks.  Rates are holding steady in low to mid 4% range lending support as we head into the 2019 home buying season. Sandwiched between recent major economic eve...
02/09/2019
 Major economic events made this a volatile week. Wednesday's Fed meeting was strongly positive for mortgage rates, while Friday's Employment report was modestly negative. The net result was a decline in rates for the week.   As expected, the Fed held the federal funds rate steady in light of sto...
02/02/2019
AUTOMATE YOUR SAVINGS - IT'S AS SIMPLE AS THAT!Whether it's $50 or $1,000 per month, start diverting some amount of money out of your checking account each pay day and put it into a separate brokerage account, such as Vanguard or Fidelity.  While auto-debiting directly into a local bank account i...
01/31/2019
Home Sales Slide With some major economic data unavailable due to the government shutdown, and ahead of several major economic events in the near future, there was little market moving news this week, and mortgage rates ended nearly unchanged.  One economic report which was released this week rev...
01/27/2019
Interest rates continue to benefit from a short-term economic environment, but this sweet spot will be short-lived.  Once the affects of the Washington stalemate and threat of China tariffs abate, rates will find their way back to where they were in the latter half of 2018, pushing 5%.  Those for...
01/19/2019
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