Greetings to all. This week’s update is coming live from the RE BarCamp in Miami. Being that you are likely in the real estate industry in some fashion, I highly recommend getting to a few of the events such as these so you can learn more and more about social media and how it can help your business. Enough of the marketing junk, let’s get down to what to expect this week by first looking at last week. There wasn’t much data and we never really got a genuine correction to take place, so expect a correction of at least a little this week, but expect also a rebound and maybe even a push to the highest mortgage bond pricing in quite some time. One of the subtle reports from last week which may help shape this week was the Consumer Credit report which showed a huge drop, signaling the potential of a large miss in this week’s Retail Sales report. That could be the point of the next leg higher. Treasury Auctions all went well, keeping MBS prices from doing their corrective move last week.
- Bad Credit Ratings
Bad Credit Ratings may not be your fault, that’s right your negative mark stamped on your credit file may be a mistake! They happen, and many people wind up paying for debts they do not actually owe. If you’re checking out your credit report and you experience an error what should you do? There are things.. - Quantitative Easing is (Probably) Coming, but When, and How Much?
Both the Consumer Price Index and the Producer Price Index released last week showed that inflation is negligible in the US economy right now, putting further pressure on the Federal Reserve to take action to stimulate economic activity. The CPI showed 0.0% core inflation, while the PPI showed 0.1% core inflation, and while both figures.. - Quantitative Easing is (Probably) Coming, but When, and How Much?
Both the Consumer Price Index and the Producer Price Index released last week showed that inflation is negligible in the US economy right now, putting further pressure on the Federal Reserve to take action to stimulate economic activity. The CPI showed 0.0% core inflation, while the PPI showed 0.1% core inflation, and while both figures.. - Jobs Grow, Unemployment Flat, Fed Acts in a Busy Week
Last week brought more market-affecting news than any in recent weeks. On top of a long-anticipated meeting of the Federal Reserve Open Markets Committee, the week also contained any month’s most significant economic report, the Employment Situation, or Non-Farms Payrolls report. Let’s take a look at the effect these reports have had on mortgage rates .. - Check Credit Scores
A Credit Check or Credit Score shows the creditworthiness or financial situation of a individual. In order for a lender to approve your loan or credit card they require a credit report or score to know whether the borrower is financially sound or not. Poor credit can impact one’s credit flexibility however a good or perfect..