Daily Rate Update: March 30th-April 3rd

Daily Rate Update: March 30th-April 3rd

Friday – April 3, 2020 The coronavirus fallout continues to impact the U.S. economy and will continue for several months. The March Jobs Report showed 701,000 jobs lost, far below expectations and just the first in what will be a string of historic job losses....
It’s Just the Facts: March 2020

It’s Just the Facts: March 2020

WHEN THE BEAR BOTTOMS – The S&P 500 has fallen 34% as of Monday 3/23/20 from its all-time closing high set on 2/19/20, the index’s 12th bear market since the end of WWII. The average return for the S&P 500 in the first-year following the bear...
Daily Rate Update: March 30th-April 3rd

Daily Rate Update: March 23rd-27th

Friday – March 27, 2020 The broad shutdown of businesses, due to the virus, across the country is slowing growth and like Fed Chair Powell said yesterday, the U.S. could be in a recession now. However, Mr. Powell went on to say that there could be a ‘good...
Is History Repeating Itself?

Is History Repeating Itself?

History: Back in the Great Recession (2006-2010), all the subprime companies went out of business. The “snowball” in that industry started occurring with lender buybacks, when their borrowers began defaulting after a few or no payments at all by these borrowers....
Daily Rate Update: March 30th-April 3rd

Daily Rate Update: March 16th-20th

Friday – March 20, 2020 The National Association of REALTORS reports that Existing Home Sales rose 6.5% in February from January and was the strongest reading since February 2007. Sales rose 7.2% from a year ago. The median price was $272,100, up 8% from...