Market Update for the Week of November 9th, 2017

Market Update Traders continue to drive stocks to new heights and new records. However, concerns over the new tax reform plan going through have started to surface. The tax reform plan is expected to drive economic growth and corporate profits. If the plan...

Market Update for the Week of November 2nd, 2017

Market Update The Fed announced at this week’s meeting that there would be no policy rate hike this month. They did however signal a December hike is very likely. Markets have been rallying on the probable nomination of Jerome Powell as the next Fed Chair....

Market Update for the Week of October 26th, 2017

Market Update Stocks continue to hit new highs, driven by optimism over new tax regulations and a spurred economy. The rally is putting pressure on rates to move higher. The European Central Bank is extending their economic stimulus into 2018 but will reduce the...

Market Update for the Week of October 12th, 2017

Market Update The minutes released from last month’s Fed meeting showed some members don’t agree that low inflation is transitory. Low inflation helps keep rates low. However, it’s still expected that the Fed will leave rates unchanged in Oct/Nov but...

Market Update for the Week of October 6th, 2017

Market Update Stock markets are once again hitting record highs, as traders’ appetite for risk increases. Strong equity markets can slow down improvements in mortgage rates. Anticipated tax cuts are one of the drivers for improved equity markets. Corporate tax...

Market Update for the Week of September 28th

Market Update President Trump released his plan for tax reform this week, which is expected to stimulate economic growth. A hotter economy could contribute to higher rates. Consumer confidence fell slightly in September, despite a strong labor market. The decline is...

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...