2020 Affordability, Fed Consistent, SFR Permits Improve
Even though home prices increased reached an all time high last year affordability increased significantly. A good reminder that that their are multiple factors to consider when purchasing a home and chief among them is monthly payment compared to monthly wages – not what rate or what price. Rates increased again this week as Mortgage […]
Oil, Fed Rate Cut, Mortgage Rates Improve
Oil – Saudi Arabia suspended 1/2 of its daily oil production after one of their central processing facility was attacked exposing its vulnerability. This facility produced 5% of total global supply and its loss caused oil prices to spike by approximately 13%. Rates – after increasingly significantly in September, rates improved this week after attacks […]
10 Year US Treasury – Lowest Level in 2.5 years, Fed Dot Plot, FB Unveils New Crypto Libra
Facebook recently announced plans to start a new Cryptocurrency called Libra. The following 28 companies all committed $10M to get a vote in the Libra Association Council. FB hopes to bring that number to 100 before their official launch. Rates – improved again this week as the 10 Year US Treasury note dropped below the […]