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The Economy

Mid-Year Review : Were The Experts Right About The Market?

Comments(0) By •July 8th, 2011

The year is half-over. It’s an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the “experts” can be wrong as often as they are right.

Economy Expected To Have Added 80,000 Jobs In June

Comments(0) By •July 7th, 2011

Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you’re currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report’s release. Often, by a lot.

Mortgage Rates Surge On May Retail Sales Figures

Comments(0) By •June 15th, 2011

Retail Sales rose for the 11th straight month in May. Excluding cars and auto parts, sales receipts climbed to $322 billion last month. It’s an all-time high and another example of the U.S. economy’s resiliency.

Making A Rate-Lock Plan Before Friday’s Jobs Report

Comments(0) By •June 2nd, 2011

Tomorrow morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its Non-Farm Payrolls report for May. If you’re floating a mortgage rate right now — or are in the process of shopping for a loan — consider locking in.

Rising Retail Sales Threaten Low Mortgage Rates

Comments(0) By •May 13th, 2011

Thursday, the Census Bureau released the April Retail Sales report. Excluding cars and auto parts, retail receipts rose for the 10th straight month and, at $321 billion, reached an all-time high.

Job Growth Returning To “Normal” Levels — A Bad Sign For Mortgage Rates

Comments(0) By •May 5th, 2011

Be prepared for Friday morning. Mortgage rates and home affordability could worsen quickly. At 8:30 AM ET, the Bureau of Labor Statistics releases its April Non-Farm Payrolls report and momentum has been strong.

Inflation Pressures Mounting; Mortgage Rates Rising

Comments(0) By •April 14th, 2011

The March CPI data is expected to show an increase in the cost of living for the 17th straight month — a reading that would take CPI to an all-time high. This would be awful for mortgage rates.

Retail Sales Report Should Spell Higher Mortgage Rates For Wednesday

Comments(0) By •April 12th, 2011

Wednesday, the Census Bureau will release its March Retail Sales figures and the report is expected to show higher sales receipts for the 9th straight month. A strong reading like that should spell higher mortgage rates nationwide.

Lock Now? Friday’s Job Report Expected To Push Mortgage Rates Up.

Comments(0) By •March 31st, 2011

Friday, analysts expect to count another 190,000 jobs created. If the actual figure falls short, expect mortgage rates to ease. Otherwise, look for rates to rise. Probably by a lot.

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