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...
Paying the Mortgage But Not Getting the Tax Write Off?
If you know someone who owns a home but has not transferred the property into their name, or doesn’t know how, and is frustrated because they’re not getting the tax write off, then this success story will brighten their day. Success story: Client has been living in...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...
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...