Posts Covering Economic News
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.
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 […]
October 9, 2017 in Economic News
The U.S. economy unexpectedly was in negative territory for job creation in September. What does that mean for home buyers?
September 27, 2017 in Economic News
New-home sales for August were unexpectedly lower, says the Census Bureau and Department of Housing and Urban Development.
September 18, 2017 in Economic News
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?
September 8, 2017 in Economic News
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 […]
Started homes dropped slightly in July, which doesn't help the home buyer's plight: not enough homes to buy.
New construction home building is showing signs of life. Still, home builders admit severe challenges to building, and demand outstrips supply.
New construction is showing signs of weakness after the third straight month of declines. Are deals about to re-appear in the marketplace?
For the second week in a row, mortgage rates have dropped to their lowest levels of the year. It presents another opportunity for mortgage shoppers.
May 5, 2017 in Economic News
The April Non-Farm Payrolls report gives the Federal Reserve the fuel it needs to raise rates again in June. The job market is back on track.
France's exit from the EU, or "Frexit", could spur financial turmoil and lower mortgage rates. The French election could be the first step in that process.
April 7, 2017 in Economic News
The March Non-Farm Payrolls report was "bad". But that means mortgage rates are dropping. How to get a lower rate when economic reports are weaker than expected.
March 10, 2017 in Economic News
The February Non-Farm Payrolls report all but locked in a rate hike by the Federal Reserve in March. Should you lock your mortgage rate? Insight and analysis.
February 3, 2017 in Economic News
The January Non-Farm Payrolls report shows how important inflation data is for mortgage rates. Job growth was strong, while wages lagged, helping rates.
2017 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)