No Crash Zone. A Current Outlook on the Housing Market.
By: Michael Pennington
Are you concerned that the housing market will crash like it did in 2008? That the cost of homes has skyrocketed so... » Read More of the post Why the Market Won’t Crash
There's no place like home, just ask Mackenzie Holowach.
When the pandemic hit, Holowach was transferred to assist at a COVID testing site and later worked in a New Jersey ICU. Changing clothes before entering... » Read More of the post Stories from the Frontline
Shopping for a new home is an amazing experience. For many first-time homebuyers, getting to finally see the homes they’ve long researched is the best part of the process. To expand that search,... » Read More of the post Purchase with No Reno Loan!
The continued strength of the labor market, along with historically low mortgage rates, will keep positive housing momentum alive in 2020.
The Unemployment Rate is currently at a 50-year low of 3.6% with expectations... » Read More of the post A Great 2020 Housing Story
Bonds love uncertainty and bad news. As a result, rates improve when not-so-good news emerges.
That was the story this past week, as China has reported a new deadly coronavirus has started to spread... » Read More of the post Uncertainty Helps Rates
Recession fears were back in full swing this past week, thanks to the weakest manufacturing report since June 2009, which was the last month of the Great Recession.
Manufacturing makes up 12% of our... » Read More of the post Slowing but Growing
Initial Jobless Claims is a weekly report that tracks how many people have filed for unemployment benefits. It is both a solid gauge on the state of the labor market and economy, and... » Read More of the post Let the Good Times Roll
The monetary authority of the United States, the Federal Reserve, meets 8 times a year to discuss the economy and adjust monetary policy to promote maximum employment and maintain price stability (inflation).
The Fed,... » Read More of the post Thank You, Mr. Powell
Volatility has disappeared in the financial markets and a sense of calm and complacency has emerged. Why? Well, thanks to the Fed, and to reduced threat of inflation and higher rates, both stocks... » Read More of the post Word of the Day: Complacency
"All we need is just a little patience…" (Guns N' Roses) The highlight of this past week was the Fed Minutes from the January Fed meeting. The minutes are a detailed record of... » Read More of the post Patience is a Virtue
"Only got twenty dollars in my pocket…" (Macklemore & Ryan Lewis) The financial markets are sensing that the predicted government shutdown and protracted trade war with China will be averted. This is good news... » Read More of the post Canary in the Coal Mine
Despite bond-friendly news with the unresolved US/China trade relations and the ongoing government shutdown, rates actually touched 2019 highs midweek — this as stocks continue to move higher.
Home loan rates have been on... » Read More of the post A Booming Economy Sees Rates Climb
It was all about the Fed this past week. On Wednesday, they hiked the Fed Funds Rate by 25 basis points (0.25 percent). That rate affects short-term loans like auto and credit cards... » Read More of the post The Santa Claus Rally