The most recent economic data had indicated that the economy was indeed stronger than we expected. The stock market was recovering nicely from losses incurred late last year, despite speed bumps in the road as the trade war with China
MARKET COMMENT
Mortgage bond prices finished the week slightly higher which helped rates improve. Weak stocks the beginning of the week helped start the rate improvements. Financial markets focused on US and Chinese trade negotiations and tariffs. Weak retail sales figures
So, we had declared that everything was in place for a fantastic economic ride. Low interest rates, a moderately expanding economy and rising stock prices. Then the ugly word was uttered — tariffs. It took one word to put a
When the Federal Reserve Board’s Open Market Committee met last week, they did not have the jobs data from April to chew on before they made their announcement. Thus far this year, the Fed has been taking a “wait and
We all know about popping the big question. If you are planning your wedding, it means that you have moved past that stage. There are a multitude of details to consider when planning a wedding and setting up a new life.
Much has been made of the fact that interest rates are lower this year than those “high paid” market analysts predicted. These lower rates have contributed to a rebound in the stock market during the first third of the year.
Last week we spoke about how wrong the prognosticators were when they said interest rates were going up this year. Lower rates typically represent good news for consumers. But lower rates when we were expecting the worst actually translates into
At the first of the year we published a range of forecasts. This included the predictions for interest rates in 2019. These predictions were summarized by MarketWatch — For 2019, Market Watch reviewed the predictions of rates on home loans
MARKET COMMENT
Mortgage bond prices finished the week lower which put a little upward pressure on rates. Rates were steady the first portion of the week. Factory orders fells 0.5% as expected. Most of the negative movement came Thursday and Friday
