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 | Mar 12, 2016 | Blog, Home Owners, Investors, Realtors
This week’s update is from one of the economic analysts I follow, Larry Baer. He mostly deals with the gyrations of the bond market and its effect on mortgage rates. He dings me by text with updates starting at 5:30 am daily on days when bond market is trading. What...
by Athena Paquette | Jan 22, 2016 | Blog, Home Owners, Investors, Realtors
While the news is not bad, the rates fell. This week we got the December consumer price index, and it was down .1%, with the core rate up .1%. December housing starts were down .25%, and building permits were down 3.9%. All are not good signs, as construction is a...
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...
by Athena Paquette | Sep 25, 2015 | Blog, Home Owners, Investors, Realtors
This week was a doozy in the stock market! Normally that helps the bond market, but it had little effect. In the end, it was a seesaw week. We got a final GDP revised number and it now was determined that the GDP grew at 3.9% in the 2nd quarter which was much better...
