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Weekly Jobless Claims Lowest Since 1969
Here's your economic news for 1.27.2019 Not all the data was available due to shut down. Here’s your economic news based on the data we did receive: Tuesday: December existing home sales were down 6.4%. Typically, bad news is good for rates. But, the east coast was...
What is a Reverse Mortgage
This is a loan that has existed since 1961. According the AAG, “The very first reverse mortgage is written to Nellie Young in Portland, Maine by Nelson Haynes of Deering Savings & Loan. Haynes designs this unique type of loan to help the widowed wife of his high...
Economic Update: The Shut Down
With the government shutdown, very little data is coming out, which is helping rates stay down. As you read in December, the stock market volatility gave us lower rates by 0.375%, then another 0.125% at the end of the year. It just now is hitting the news though it...