Economic news: This week, the markets awaited the March jobs report

To take you back in time, last month’s report showed a gain of 235,000 (later revised to 219,000) jobs and unemployment rate of 4.7%. Drum roll please! The jobs report for March was only 98,000 (weak but cyclical see the chart below) and the jobless rate dropped to 4.5% – this is a sigh of […]

Economic News: Fairly Quiet with a Slight Dip in Rates

This week was another quiet week in economic news. On Thursday the government revised their Q$ GDP number from 19 to 2.1 – meager but still a light indication of inflationary pressure, which means bad news for fixed rate mortgages. Friday we got the personal income numbers and they were up .04% with personal spending […]

Economic News and Rates for 3.26.2017

This week was a fairly quiet week in economic news. On Wednesday, March 22nd the existing home sales slipped 3.7% for the month of February. Speculation is the lower inventory and the higher prices caused the number of sales to go down. Wait until we have rising interest rates combine with those factors… On Thursday, […]

“Quote of the Week”

“Don’t Step over dollars to pick up pennies.” ~ Author unknown. Sometimes we do activities in our day or life where there is a very low payout for the activity (emotional or monetary), missing the opportunities for the greater payout. Do you find yourself going to 4 stores to get the best deals on groceries, […]

Mortgage Late Payments – Not Their Fault! How I fixed it!

Client has 2 mortgage late payments and credit score goes down 100 points. But Athena, I wasn’t late! Imagine my client’s shock when they found out that 2 of their rental property loans were 30 days past due, yet they have the loan on auto-pay.  Yes, it’s true. What they didn’t realize and didn’t see […]

Prime rate went UP, fixed rates went DOWN . . . What?

The biggest news this week was that the FOMC met on Tuesday and Wednesday. Fed Chairperson Janet Yellen announced that they had voted to raise the Fed Funds rate by .25%.  We the public know that as the prime rate.  The markets felt great relief that they finally raised the rate, and that it was […]

Powerful Economic News this Week

Mortgage rates rise .125% to .25% on the expectation of the Fed raising the prime rate, and on the stronger than expected payroll numbers… The economic news this week was thin but powerful. ADP (the payroll processing company) employment report on Wednesday stated a private payroll jump to 298,000 jobs created , much higher than […]

Review: Note Investing Seminar 2017

As a real estate investor, I’m always eager to learn about new ways to increase my cash flow. This month, I attended the Note Investor Summit 2017. Watch my review and key takeaways!

Why the Fed Didn’t Raise Rates, and…

Another week of a little movement to the bad side and a little movement to the good side of rates leaves us flat… Next week JOBS JOBS JOBS could move rates… Monday was a holiday, so the markets were closed. Tuesday markets were quiet waiting for the Fed meeting minutes. On Wednesday, the Fed’s minutes […]

Rates are up and inflation could be too…

2 big days with 2 different outcomes.  On Tuesday, Fed Chair Janet Yellen in her annual speech before Congress, called the Humphrey Hawkins testimony on monetary policy, suggested that “waiting too much longer to raise rates would be unwise” (i.e. prime rate). This sent the markets reeling, as investors see this as negative for their […]