Posts Covering Economic News

Federal Reserve raises rates as expected, but we could be in for a wild ride

The Federal Reserve announced a rate increase as expected. But here’s what you might not have anticipated.

What mortgage rate history can tell us about the future

How useful is mortgage rate history? Mortgage rate history may sound a pretty boring topic. Indeed, you may subscribe to the Henry Ford school, which believes that all history is bunk. However, knowing how mortgage rates behaved in the past can help you understand what might happen to them in the future. That knowledge could […]

Is 2018 the year you should become a homeowner?

Happy new year — as a homeowner Is your new year’s resolution for 2018 to become a homeowner? Or would you make it one, if only you thought it was a smart move — and you stood a chance of achieving it? Well, read on because you might find some good news. 2018: A vintage […]

Fed Preview: Rate Increase Expected, But What Will Janet Do?

As the FOMC meets for the final time in 2017, analysts expect a rate hike. Janet Yellen’s comments on future Fed actions could have a ripple effect.

Wages not rising as fast as home prices; NAR presents 2018 housing forecast

Post-hurricane jobs numbers not as strong as expected The October jobs report is in, and the numbers are a mixed bag. The U.S. economy added 261,000 nonfarm payroll jobs in October, according to the U.S. Bureau of Labor Statistics. A hiring rebound at restaurants and bars impacted by recent hurricanes helped boost numbers. However, October’s jobs […]

First jobs decline in 7 years. How does that affect home buyers?

The U.S. economy unexpectedly was in negative territory for job creation in September. What does that mean for home buyers?

New-home sales plummet in August as affordability squeezes buyers

New-home sales for August were unexpectedly lower, says the Census Bureau and Department of Housing and Urban Development.

Equifax breach just another page in the sordid history of credit bureaus

Equifax is making headlines for all the wrong reasons. Where did the credit bureaus come from, anyway, and how did they get so much of your information?

Equifax data breach victim? Here’s what to do today to protect yourself

Equifax data breach sparks firestorm of consumer concerns 143 million. That’s how many U.S. consumers are potentially affected by a data breach of consumer credit reporting agency Equifax. Nearly two-thirds of the adult U.S. population. The disturbing thing about the latest breach — in what seems to be a neverending stream of breaches — is that thieves had […]

Why Are Mortgage Rates Still So Low?

The economy is heating up, and the Fed is on a firm rate-hike schedule. So why aren’t consumer mortgage rates rising? Analysis and advice.

A Helpful Chart : How Inflation Changes Mortgage Rates

Inflation is a self-reinforcing cycle. The longer it lasts, the more insidious its effects, and rising mortgage rates are an unfortunate consequence.

How Deflation Changes Mortgage Rates

According to Google, “deflation” chatter is growing. It’s extending the Refi Boom for another few weeks.

2018 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)