Rate Watch Update

Posted on Feb 10, 2012 | 0 comments

Happy Friday February 10, 2012 You can’t talk about US mortgage rates without talking about Greece. Yesterday’s so-called agreement out of Greece is being tested as European leaders are demanding the austerity measures be put into law, clearly nobody trusts Greece to implement what they’ve verbally committed to. How does this affect US mortgage rates? Well the chances of Greece exiting...

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Rate Watch Update

Posted on Feb 3, 2012 | 0 comments

Happy Friday February 3, 2012 I’ve said this before but the beauty of my job is that I always get to deliver good news: either interest rates are heading lower or there is positive news to report about our U.S economy, it’s either one or the other, never both. Today is no exception. The Jobs Report for January reported a whopping 257,000 private jobs created, far higher than the 168,000...

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Rate Watch update

Posted on Dec 10, 2010 | 0 comments

Happy Friday December 10, 2010 The People’s Bank of China tightened bank lending requirements for the third time in 5 weeks.  China currently has a $23B trade surplus, and that money is entering a financial system that is already flush with cash.  By definition, inflation is caused by too much money chasing too few goods.  So China is dealing with an inflation issue that some believe might...

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Rate Watch update

Posted on Oct 8, 2010 | 0 comments

Happy Friday October 8, 2010 This morning’s Jobs Report showed that there were 95,000 jobs lost in Sept.   A closer look shows 159,000 jobs lost to government workers, many of which were census hires.  The more important private sector added 64,000 jobs; still not a great number but some evidence that the jobs market may be stabilizing, or even improving, albeit gradually. The debate...

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Rate Watch update

Posted on Oct 1, 2010 | 0 comments

Happy Friday 10-1-10 NY Fed Pres, Bill Dudley, said this morning that the Fed is “almost certain” to lend support to ensure a slowing economy does not fall further.  What that entails remains to be seen, most agree it would take at least $1T to make any kind of meaningful impact.  We’ll be watching this closely. The Senate wisely passed an extension to the higher loan amounts for Fannie,...

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