Market Yawns in This Week’s Economic New
Another quiet week ahead of the holiday brought us surprisingly good news that made the market yawn… New home sales were reported up 16.6% in 1 month and 18% year over year. HUGE jump, and the market said “yawnnn”. The median price of homes nationally is $321,000. The...
Normal News in the Economic World
This week’s economic news was fairly bland and therefore rates stayed the same. The biggest news of the month is usually the jobs report. The consensus was that the non-farm payroll numbers would be 200,000 and the number came in at 215,000. Average hourly earnings...
It’s All About the Fed the Fed the Fed…
It’s all about the Fed the Fed the Fed… some people claim that they have gone crazy watching hours of pundits talk about whether they will raise the Fed funds rate and therefore the prime rate this week. 7 out of 10 economic experts predicted that they would finally...