WILL THE ECONOMY BLOOM THIS SPRING?

WILL THE ECONOMY BLOOM THIS SPRING?

The housing and labor sectors remained strong in the first quarter, but what about our economy overall? GDP Slows While Fed Holds Steady The Federal Open Market Committee (FOMC) met in April and, as expected, held its benchmark Fed Funds … Continue reading

ECONOMIC HOPES, GLOBAL WOES

ECONOMIC HOPES, GLOBAL WOES

Concerns overseas bolster a slowly improving economy here at home. Housing: Movers and Shake-ups The Commerce Department reported February New Home Sales rose 2 percent from January, as expected by analysts. Year-over-year sales, however, are down 6.1 percent from February … Continue reading

CONSUMER’S GUIDE FOR RATE HIKES

CONSUMER’S GUIDE FOR RATE HIKES

At December’s Federal Open Market Committee meeting, the Fed raised its benchmark Federal Funds Rate for the first time in nearly a decade. This is the rate at which banks lend money to each other overnight. It had been near … Continue reading

NEW SEASON, NEW RULES FOR HOUSING

NEW SEASON, NEW RULES FOR HOUSING

The housing market headed into fall on a high note. And like the changing season, the home loan process ushered in change for homebuyers. Home Sales and Home Prices Increase Historically low home loan rates, high housing demand and limited … Continue reading

FEED HOLDS ITS BENCHMARK RATE STEADY

FEED HOLDS ITS BENCHMARK RATE STEADY

September marked the start of football season for fans across the country. But investors and economists were focused on another team—the Federal Open Market Committee (FOMC), and whether it would hold its benchmark Federal Funds Rate steady. What Is the … Continue reading