ARCHIVED BLOG POSTS
2016
Last week's economic news was dominated by Great Britain's vote to withdraw from the European Union. New and Existing Home Sales were released along with weekly reports on mortgage rates and new jobless claims."Brexit" Vote Tanks Stocks, Could Cause Lower Mortgage RatesUS stocks plunged in reacti...
06/27/2016
Mortgage rates fell after Federal Reserve policymakers decided not to raise the Fed's target federal funds rate. The Federal Open Market Committee cited ongoing concerns over global financial and economic developments and slow jobs growth as factors in its decision not to raise rates. Fed Chair J...
06/20/2016
Last week's economic news was highlighted by Fed Chair Janet Yellen's speech in Philadelphia. Although Chair Yellen alluded to future Fed rate hikes, she did not specify when Fed policymakers would next raise the target federal funds rate. Increases in the fed funds rate typically signal increas...
06/13/2016
0
Comments
If you're just jumping into the game of home purchasing, you are likely considering all of your loan options and may even have heard the term mortgage rate lock. For those who don't like to gamble, a mortgage rate lock can offer a bit of reassurance, but there are also some downsides to this type...
06/10/2016
Last week's housing related news was limited to Construction Spending and Freddie Mac's mortgage rates survey, but labor reports suggested an economic slowdown may be in the works. Construction Spending Slips in April, Mortgage Rates MixedAccording to the Commerce Department, overall construction...
06/06/2016
March home prices were again dominated by the Northwest with Portland, Oregon posting a year-over-year gain of 12.30 percent followed by Seattle, Washington's year-over-year gain of 10.80 percent.Denver, Colorado rounded out the top three cities with a year-over-year gain of 10.00 percent. San Fr...
06/01/2016
Rainmaker
600,713
600,713
Bob Elliot
30+ Yrs Industry Experience
Service Areas
Real Estate Resources
Real Estate Experience Matters! Local and national market news, trends, and updates.