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...
by Athena Paquette | Jan 22, 2017 | Blog, Home Owners, Investors, Realtors
This week held a lot of good news (and some not so good) that points to a stronger economy. So sorry… Why do I say sorry? Because when the economy looks stronger, that means rates might go up. Wednesday, the Consumer Price index or CPI was announced, and that number...
by Athena Paquette | Aug 26, 2016 | Blog, Home Owners, Investors, Realtors
This week saw rates inch up a little on the rumor, then some words from Fed Chairman Janet Yellen indicating the US economy may be firming up enough to withstand an increase of the Fed Funds rate. So what news backed this up? The first big news was that New Homes...
