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Commentary 29 December 2017

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - 12/28/2017

It’s time again to put on the fortune-teller costume (for the elderly, think Johnny Carson’s Carnac the Magnificent) and to hope that no one will remember these predictions. May as well get on with the…

Straight Stats 22 December 2017

Rates Increase on Tax Cuts

Mortgage interest rates increased this past week as Congress passed tax cuts with hopes for higher wages and GDP growth.  Economic data was mostly stronger than expected.  Economic data stronger than expected included the December…

Commentary 15 December 2017

MORTGAGE CREDIT NEWS BY LOUIS S. BARNES - 12/15/2017

A big week for news, especially for mid-December, but so scattered across the economic spectrum that sorting important versus not takes some work. If only because these will be the most important two words in…

The Fed Raises Rates as the Economy Continues to Show Strength
Straight Stats 15 December 2017

The Fed Raises Rates as the Economy Continues to Show Strength

The Federal Reserve has raised the Prime Rate (Fed Funds Rate +3%) for the third time this year. The move was widely expected by markets and there was little change to mortgage interest rates overnight…

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