Market Update for the Week of February 16, 2018

Market Update Consumer prices rose more than expected in January, fueling fears that inflation is moving higher. Rising inflation will continue to pressure mortgage rates higher. The labor market is still showing strength, with jobless claims remaining below the...

Market Update for the Week of February 2nd, 2018

Market Update The Fed didn’t raise policy rates at this week’s FOMC meeting, though their announcement pointed to a likely increase when they meet in March. Consumer spending increased in December, a reflection of the strong labor market. However, the 2.4%...

Market Update for the Week of January 26th, 2018

Market Update The government shutdown had a nominal effect on markets and no effect on rates. Another shutdown is possible February 8th, the new deadline for a deal. The dollar slumped this week, its biggest weekly decline in 18 months. Treasury Secretary Steven...

Market Update for the Week of January 19th, 2018

Market Update Jobless claims plunged to the lowest level since 1973 this week, the biggest drop since April 2009. Labor market strength can pressure rates higher. According to a recently released Fed report, the economy and inflation expanded at a modest-to-moderate...

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...