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...
by Athena Paquette | Oct 16, 2016 | Blog, Home Owners, Investors, Realtors
This week was a pretty quiet week with economic data until Friday. Today we got the September retail sales were up 0.6%, which was more than expected, and the PPI (producer price index) was up 0.3%. Both are signals that higher inflation could be on the horizon. On...
by Athena Paquette | Aug 12, 2016 | Blog, Home Owners, Investors, Realtors
It was a week of some good and some bad news for the economy, with investors mixed reactions. Tuesday we got the Q2 productivity numbers: DOWN 0.5%; our Unit Labor Costs were up 2% (costs being up indicates possible inflation). Friday we got July’s Retail Sales...
by Athena Paquette | Apr 24, 2016 | Blog, Home Owners, Investors, Realtors
Rates creeped up this week on good economic news. The jobless claims for the week were down 6000 to 247,000. March existing home sales were up 5.1%, yet building permits dropped 7.7&% and housing starts were 8.7% lower. Some would say this is bad news for the...
by Athena Paquette | Nov 14, 2015 | Blog, Home Owners, Investors, Realtors
Dour news this week after good news last week leads to flat rates… Last week’s surprising, shockingly, good employment numbers caused interest rates to jump up. New week, new news. The teeter totter economic news gave us a PPI that was down .4% instead of the...
