by Athena Paquette | Jan 7, 2017 | Blog, Home Owners, Investors, Realtors
Happy New Year! The year started off pretty quietly, but then the Fed, Shopping and Jobs—yes, all in 1 week. The Fed minutes from the meeting in December were released and it seems that they think they may need to raise rates more than expected. Or more quickly than...
by Athena Paquette | Oct 8, 2016 | Blog, Home Owners, Investors, Realtors
This week’s news created a see-saw. On Monday the Institute of Supply Management Manufacturing number was announced at a much stronger than expected 51.5. On Wednesday, we learned that Institute of Supply Management announced that the Service Sector rose to 57.1, also...
by Athena Paquette | Aug 6, 2016 | Blog, Home Owners, Investors, Realtors
Jobs, jobs, jobs! Yes, it’s the first Friday of the month, and so all eyes were on the monthly jobs report. As you probably remember, expectations were that 180,000 jobs were created. The number came in at 255,000, which was higher than expected, indicating a stronger...
by Athena Paquette | Jul 30, 2016 | Blog, Home Owners, Investors, Realtors
The Fed’s meeting this week brought no new news. They decided to leave the base rate, “fed funds rate,” as is at 0.5% (which means the prime rate consumers get is still 3.5%). They say however that the “risks to the economy have diminished,” giving some the impression...
by Athena Paquette | May 7, 2016 | Blog, Home Owners, Investors, Realtors
This week we got a little relief from the increasing rates of last week. We started the week with a scare, and then saw the balloon deflate. Why? On Monday, we got the April Institute of Supply Management’s index number falling to 50.8% from 51.8%, a 1% drop, and...