Economic News this Week: It was a week of tight changes in the price of our bonds and therefore rates.
It was a week of tight changes in the price of our bonds and therefore rates. We went from a little good to a little bad news and back again. On Tuesday the Personal Income numbers for June were released, and they were unchanged from last month. Personal spending was...
Success Story of the Week: If it costs you money every month, is it an investment?
A dear client has owned a home in another state (which was his home when he had a job there) for more than 10 years. He got a great job offer in LA, but it was 2007, and the market was already softening. He purchased a property, but little did he know that his...
Economic News this Week: Lots of news with little movement
Lots of news with little movement. On Monday the Existing Homes for May fell 1.8% year over year, mostly due to tight inventory. The markets were quiet on that news, and because all eyes were on the Fed meeting on Tuesday and Wednesday, almost every investor had hit...
Economic News This Week: Not much movement in the rates
It was a quiet week this week, so not much movement in the rates. The big number was Thursday’s June housing starts – a much bigger number than expected at 8.2%. Also, building permits were up 7.3%, which should have made rates go up more, but they did only...