by Athena Paquette | Mar 18, 2017 | Blog, Home Buyers, Home Owners, Investors, Realtors
The biggest news this week was that the FOMC met on Tuesday and Wednesday. Fed Chairperson Janet Yellen announced that they had voted to raise the Fed Funds rate by .25%. We the public know that as the prime rate. The markets felt great relief that they finally...
by Athena Paquette | Feb 26, 2017 | Blog, Home Owners, Investors, Realtors
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...
by Athena Paquette | Feb 19, 2017 | Blog, Home Buyers, Home Owners, Investors, Realtors
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...
by Athena Paquette | Feb 4, 2017 | Blog, Home Owners, Investors, Realtors
Lots of news; not much movement. On Monday, the December personal income number came out 0.3% higher and spending was up 0.5% – not really interest- rate moving, but ironic that we earn 0.3% more and spend 0.5% more. Then Wednesday, the Institute of Supply...
by Athena Paquette | Jan 29, 2017 | Blog, Home Buyers, Investors, Realtors
This week had mostly weaker than expected economic data which helped interest rates only slightly. Tuesday the Existing home sales for December were weaker than expected, down 2.8%. Thursday the initial weekly jobless claims jumped up 22k to 259k and the December new...
