by Athena Paquette | Jul 22, 2016 | Blog, Home Owners, Investors, Realtors
No big news means no change in the rates. This was a quiet week for economic news, so rates remain the same. Next week, though, all eyes on the Fed (FOMC) meeting and their announcement Wednesday at 2ET whether they will raise the prime rate, along with their outlook...
by Athena Paquette | Jun 4, 2016 | Home Buyers, Home Owners
The Institute of Supply Management Manufacturing index increased to 51.3 from 50.8% which is a sign of growth in the economy. The JOBS report for May gave us no surprising news. There was a gain of 173,000 jobs in May which was in line with expectations. However the...
by Athena Paquette | May 22, 2016 | Blog, Home Owners, Investors, Realtors
This week we were on Fed Watch. The Federal Reserve Board met and decided not raise the fed funds rate. A relief to some, a disappointment to others. Some are concerned that if they wait too long, the inflation will have kicked in and then we are chasing it instead or...
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...
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...
