Economic News: This week was quiet on the economic news front.
On Tuesday, housing starts for April came in at a DROP of 2.6%, and the building permits also dropped 2.5%, normally good for rates but fixed rates didn’t move much because of April Industrial Production was up 1% and capacity utilization was up to a 20-month high of...
Economic News: This was a quiet week in economic news but world news moved the markets
Thursday the April PPI came out at a well above expectations number of an increase of 0.5%. Friday the April CPI (consumer price index) was up 0.2%, and the retail sales were up 0.4% – overall not great news for the bond market as good economic news. News that...
Economic News: This was a busy week for economic data
On Monday we found out that personal incomes rose 0.2% while personal spending went down 0.1%, not good for economic growth. The Institute of Supply Management announced that the manufacturing sector contracted to 54.8% from the 57.2 in March, far below economists’...
Success Story: A veteran and her husband wiped out in 2008 get another chance
I recently was referred a veteran who was active in 1975. She never used her VA benefit to buy a home, and now wanted to use it because of the ZERO down payment and no closing costs feature (VA NO NO, as it’s called). Her husband is a second generation owner of a...