Weekly Jobless Claims Lowest Since 1969

Weekly Jobless Claims Lowest Since 1969

Here’s your economic news for 1.27.2019 Not all the data was available due to shut down. Here’s your economic news based on the data we did receive: Tuesday: December existing home sales were down 6.4%. Typically, bad news is good for rates. But, the east coast...
What is a Reverse Mortgage

What is a Reverse Mortgage

This is a loan that has existed since 1961. According the AAG, “The very first reverse mortgage is written to Nellie Young in Portland, Maine by Nelson Haynes of Deering Savings & Loan. Haynes designs this unique type of loan to help the widowed wife of his high...
Economic News, January 6th 2019

Economic News, January 6th 2019

Holiday Market Swings Explained Swings in the stock market over the holidays are normal as I warn every year. This year was no different. The holidays can either be quiet, or look like extreme turmoil in the financial markets, because of the few people that stick...
Economic News January 13, 2019

Economic News January 13, 2019

This week we saw a rebound in the stock market, leaving the bond market alone at the dance. The quiet week in the economic data leaves little to sway the market back to their dance partner of last week. It wasn’t until Thursday that the weekly payroll numbers (usually...