Big Economic News
Did you see the stock market this week? Well if you did, and you have read my newsletter before, you know that most of the time when stocks don’t do well, bonds do, so rates go down. And you would also know that the first Friday of the month all eyes are on the jobs...
Be Careful Who You Use to Get a Loan
After waiting 3 months for a loan, a local woman puts a message out on Facebook about finding a good lender. My assistant is friends with her and responded right away that she works for the “smartest lender ever in her 35 year in the business.” Ah, shucks. … This...
Can College Graduates Get a Loan?
You have to have 2 years employment to get a loan. FALSE! I was reminded of this today when a realtor asked me if their client who had just graduated from their Bachelor’s degree last June could buy a home, or if they have to wait until 2017. I told her YES, that this...
Economic News: Quiet Week Leading into the Christmas Holiday
Not much happened except the Federal Reserve Open Market Committee finally decided to raise the prime rate by 0.25% – since the markets had been guessing all year as to when this would happen, “now-howbout-now, howbout-now, howboutnow” becomes ok, ….now. Long...