Economic news: This week, the markets awaited the March jobs report
To take you back in time, last month’s report showed a gain of 235,000 (later revised to 219,000) jobs and unemployment rate of 4.7%. Drum roll please! The jobs report for March was only 98,000 (weak but cyclical see the chart below) and the jobless rate dropped to...
Economic News: Fairly Quiet with a Slight Dip in Rates
This week was another quiet week in economic news. On Thursday the government revised their Q$ GDP number from 19 to 2.1 – meager but still a light indication of inflationary pressure, which means bad news for fixed rate mortgages. Friday we got the personal income...
Economic News and Rates for 3.26.2017
This week was a fairly quiet week in economic news. On Wednesday, March 22nd the existing home sales slipped 3.7% for the month of February. Speculation is the lower inventory and the higher prices caused the number of sales to go down. Wait until we have rising...
“Quote of the Week”
“Don’t Step over dollars to pick up pennies.” ~ Author unknown. Sometimes we do activities in our day or life where there is a very low payout for the activity (emotional or monetary), missing the opportunities for the greater payout. Do you find yourself going to 4...