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Are we closer or Further away?

This week we will see the release of the November employment numbers. The key question we will be watching is whether we will be moving closer to a rate increase or further away with respect to the Federal Reserve Board’s meeting next week. According to the minutes of the last meeting, the Fed’s members had a healthy debate about the threat of inflation. Inflation “hawks” were worried that the tight labor market carries a risk that rising wages will quickly increase inflationary pressures. On the other hand, the “doves” feel that the absence of large wage...

December 5th, 2017 | Federal Reserve, Interest Rates, Mortgage, Loans, Are we closer or Further away?

Busy December on Tap!

As we approach December, we can see that we are in for a busy month with regard to the economy. With the recovery continuing from the Hurricanes, the Federal Reserve Board’s Open Market Committee will also be meeting with the consensus pointing to another increase in short-term interest rates. Outside of major shocks, the only factor which seems like it has the potential to change the Fed’s mind would be a very weak employment report. This report is due out in early December Meanwhile, all eyes will be on Congress as they continue to hash out details of the tax reform proposals....

December 1st, 2017 | Mortgage, Home, Federal Reserve, Interest Rates, Busy December on Tap!

Third Quarter for the end of 2017 to affect the average person

It is very interesting to see what are people doing 3 months before the end of the year 2017.  The Federal Reserve board is meeting again and they are considering changes to the interest rate, so what?  How is this going to affect the average person?  Everyone is more interested in what is in for them, and not affected by hundred or thousands of points of data to consider.

August 27th, 2017 | 3rd Quarter, Mortgage, Federal Reserve, Interest Rates, Third Quarter for the end of 2017 to affect the average person