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 were higher when food and energy costs were incorporated, 0.1% and 0.4% respectively, the level of inflation is clearly below the Fed’s 2% target. Energy costs, especially, have been rising in dollars recently due to the weakness of the dollar on international markets.
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Quantitative Easing is (Probably) Coming, but When, and How Much?
- 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.. - Muted Inflation Helps Mortgage Rates Move Sideways
After opening the year with mixed news about employment, the second week of January brought even more insight into the health of the nascent economic recovery. For several months, traders have worried about the potential rise in inflation that could be caused by the Federal Reserve’s Quantitative Easing program. .. - Markets Look to Federal Reserve for Direction – More Quantitative Easing Coming?
There had been hopes that last week’s broader array of economic data might reveal some direction in the economy. Instead, the data was substantially mixed, leaving traders unsure of the direction of things to come. Because of this uncertainty, tomorrow’s meeting of the Federal Reserve Open Market Committee will be closely viewed to set the.. - Still Getting It Wrong–Reg Z Advertising Rules
I’m still watching TV commercials, listening to radio ads, and getting direct mail–where mortgage companies are NOT following the Reg Z Rules. We need to level the Playing Field and if you notice a company not following these rules, then you need to call them–or report them–because we all need to play by the same.. - NAMB / HUD Webinar Replay:
Effective January 1, 2010, HUD is requiring loan originators provide borrowers with a Standard Good Faith Estimate (GFE) that clearly discloses key loan terms and closing costs and that closing agents provide borrowers with a revised HUD-1 Settlement Statement. There are three main areas of regulation and updates that mortgage brokers have to pay attention..