The signs that the economy is starting to improve are subtle, but they’re out there. Whether it’s through the slowly lowering gas prices or the [...]
Find out how much you can save with our low mortgage rates. Let's talk today!
Archive | Economic Analysis
Dan Gilbert Discusses Economic Recovery, Mortgage Rates, Foreclosures and LeBron James
Quicken Loans Chairman Dan Gilbert talked with CNBC this morning about economic recovery and the mortgage industry. A question or two about the soon-to-be-NBA-champion Cleveland Cavaliers also came up.
Can a 10.6% Drop in Housing Starts Be Good News?
According to an article by Reuters, housing starts dropped 10.6% to a seasonally adjusted annual rate of 529,000 units for the month of October. This is the lowest level it has been since April, and the largest percentage drop since January. Housing starts were predicted to be closer to 600,000, as September’s housing starts were at 592,000 units.
Quicken Loans Capital Markets Update – Predicted Increase in Home Sales Suggests Economic Recovery
Treasuries are little changed this morning before the new home sales report which is expected to show that new home purchases rose last month suggesting that the economy may be showing signs of recovery.
From WSJ: As Housing Loses its Stickiness, Prices Reach Bottom Quicker
Great article in today’s Wall Street Journal blog about housing prices and how they may have reached their bottom. Here’s a portion of the article: [...]
Why the Reverse Mortgage Market is Booming… New Loan Limits Could Be to Thank
What’s so great about Reverse Mortgages? Senior homeowners want to know… and quite frankly, so do their kids. Right now, reverse mortgages are gaining popularity among senior homeowners. But why? Could it be because of the FHA's announcement of new loan limits?
What the recent Fed decision means for consumers
A lot of attention has been paid to the Federal Reserve's decision on Tuesday to cut the Federal Funds Rate by a half percent – but what does this jargon mean for consumers? The answer can be complicated.
WE WANT YOUR FEEDBACK