On October 31st, the Fed announced its second consecutive decrease in rates, cutting another 0.25% from the Fed Funds Rate 4.5%. This change could directly impact millions of American borrowers. Are you one of them?
Unemployment remains steady at 4.7% are you employed?
Manufacturing grew in October at the...
In slower markets, some loan officers may feel pressured to close deals that aren’t in the homeowner’s best interest. In order to avoid getting into difficult and financially compromised positions with their mortgages, borrowers are well advised to be acutely aware of the signs of a responsible loan...
Bonds finished up close to the same level they began the Holiday shortened trading week. The economic reports such as the Fed Meeting Minutes, Retail Sales and the Producer Price Index had Bonds dancing around the 200-day Moving Average every day this week.
Next week’s scheduled economic reports will...
Durable Goods Orders soared in July, scoring their largest gain in about a year. This report is volatile from month to month, so Bonds didn’t react much on the strong economic news.The New Home Sales report was better than expected. The monthly sales inventory came in at 7.5 months, which is less than...
The Federal Reserve has taken significant action in the last few weeks due to the credit crunch. And now they’ve made an unexpected move by cutting the discount window rate – which is great news. I’ll get to that in a minute, but first let’s look at recent events and understand what they...
The Days of shopping for a Mortgage are over; with fewer and fewer lenders in the market what you are quoted is most likely the best product out there. With the caveat you are working with a Mortgage Planning Professional.
Mortgage Credit Tightening for Even Credit-Worthy Borrowers
Renaissance Equity Group....
