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Economic News This Week (June 17th): Bad News for Rates
Tuesday the CPI or consumer price index was up 0.2% with the core rate up 0.2% which was benign news. Wednesday was a busy day: the May PPI or producer price index was up more than expected, jumping 0.5% on higher field costs but the core rate was up only...
Success Story of the Week: The Dangers of Online Lenders
A longtime client (did her first loan in 1992) called me to see if she could get a HELOC converted to a fixed rate (I actually got 3 such calls this week cause of the fed raising the rate) or should she refi. I said it’s cheaper if her current HELOC lender...
Quotes of the week: She Lost It All, But Still Wasn’t Defeated
About a month ago, a client had called me very embarrassed. She had gone into an investment with a friend, and the investment went bad and lost all her money. It turns out the “friend” had met up with an investor who guaranteed a certain return because he...