Why Are Interest Rates Up After A ½ Point Reduction
Last month (September 2024) the Fed cut rates by a ½ percent which was expected by man economists and predicted sessional in the finance sector. Mortgage rates, CD rates, and home equity lines of credit dropped, but suddenly, mortgage rates have increased by almost a full percent. What happened? The job sector report that was […]
Got Gas – 7/2023
Greetings! With vacation time here, I hope you are getting some time away from the office. I was thinking of a note to you with no mention of rates etc, real estate, and provide you with an interesting hot topic-fuel. With the presidential election less than a year and a half away, the candidates chief focus […]
Making Cents Of The Fed’s Comments 06/2023
As some of you may know, the Fed met earlier in the week to discuss the Fed economy, nameless inflation. The Fed’s comments spooked Wall Street as they stated they may raise rates in August rather than leave them alone due to the strong jobs report as well as the consumer price index. No one outside the […]