There’s been plenty of talk on when the federal reserves will start tapering bond purchases, and take the training wheels off the U.S. economy. Some are saying go for it while others think it’s overly optimistic, and tapering now will only hurt the economy.
Back like they never left, the Fed was at it again with this month’s meeting of the Federal Open Market Committee. I’m sure that discussing what Justin Bieber had for dinner, why in the world the weather can’t make up its mind and maybe a little bit about the current state of the economy were all on the docket this time around, but there’s only one way to find out.
The rising cost of gas got me to thinking about the differing costs to fill up vehicles such as cars, trucks and motorcycles. Have you ever wondered how much you spend filling up your vehicle over the course of a month or year?
Treasuries declined in the early morning hours before a report economists predict will show U.S. employers increased hiring in June and jobless rates fell. These key economic indicators suggest the economy is recovering.
Several television commercials have recently touted that with home values rising, right now is the time to start renovating and investing in your home. It’s either a super convincing marketing ploy to get you to spend money on new kitchens and windows, OR home values really are continuing to rise and investing in your home makes sense again. Let’s take a closer look to see what’s going on.
It’s that time of the year again where the Federal Reserve puts their heads together in a figurative way – although it would be pretty funny if that’s how they conducted their meetings – to talk about the present state of the economy. Strap on your seatbelts and let’s journey through the mind of the Fed by unpacking the latest Federal Reserve Release in plain English.
For three straight weeks, mortgage rates have dropped even lower. How and why? Read this week’s PMMS report to find out.
Bob Walters, chief economist and vice president of capital markets for Quicken Loans, is getting called upon more and more for his advice on all things mortgage related.
Quicken Loans CEO Bill Emerson recently appeared on Bloomberg TV’s “Market Makers,” with Scarlet Fu and Stephanie Ruhle, to discuss the recent deal with Ally to purchase $34 billion in servicing rights.
This week marks the one year anniversary of 30-year fixed-rate mortgages staying below 4%! Read more in this week’s PMMS report on why you should jump on these rates today!