Market Update for the Week of September 14th, 2017

Market Update Mortgage rates are still at 2017 lows! Check with your loan officer to see the great options available today. Stocks soared to new record highs this week, in part because estimated financial losses from Hurricane Irma dropped from $200 billion down to...

Market Update for the Week of September 7th, 2017

Market Update Mortgage rates are still at 2017 lows! Check with your loan officer to see the great options available today. Traders sought the safety of bonds this week after concerns rose over North Korea’s nuclear ability. The bond rally helped keep mortgage...

Market Update for the Week of August 31st, 2017

Market Update Mortgage rates have reached a year-to-date low for 2017! Check with your loan officer to see the great options available today. The GDP grew by 3.0% in the 2nd quarter, higher than estimates of 2.7%. The improving economy could support a Fed rate hike...

Market Update for the Week of August 24th, 2017

Market Update Central bankers from around the world are meeting this week for the Jackson Hole Symposium. Markets will be looking for signs of imminent policy changes. Very little economic news this week along with low trading volume has left markets quiet. This...

Market Update for the Week of August 10th, 2017

Market Update Producer prices fell in July, recording their biggest drop in 11 months and pointing to lower inflation. The lack of inflation could help keep mortgage rates low. Geopolitical tensions between the U.S. and North Korea have caused stocks to lose ground....

Market Update for the Week of August 3rd, 2017

Market Update Consumer spending rose slightly in June, but there was little sign of inflation as personal consumption expenditures barely moved. No inflation is good for rates. The already strong labor market continues to tighten, with fewer jobless claims and layoffs...

Market Update for the Week of July 27th, 2017

Market Update The Fed left policy rates unchanged at this month’s FOMC meeting. They did say though that they will begin reducing their balance sheet ‘relatively soon.’ Traders’ reactions to the Fed’s statement were also positive for...

Market Update for the Week of July 20th, 2017

Market Update Jobless claims hit a near 5-month low this week, supporting economic growth. Sustained labor market strength could contribute to higher rates. The failure to pass a new health care reform bill has traders questioning possible tax cuts and infrastructure...

Market Update for the Week of July 6th, 2017

Market Update The minutes from June’s FOMC meeting showed the Fed is open to at least one more rate increase this year, and balance-sheet adjustment will start soon. The minutes also shared that the European Central Bank may reduce economic stimulus soon. The...

Market Update for the Week of June 28, 2017

Market Update Four out of five major global central banks are talking about tightening policy, including raising rates. Market reaction to the news could pressure rates higher. Comments this week by Fed members, including Fed Chair Janet Yellen, have investors...