Steve Reed Benchmark Home Loans

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2017 

Economic activity declined in the latest quarter, slowing to its weakest in three years due to lower consumer spending and as businesses spent less on inventories. Gross Domestic Product fell to 0.7% in the first quarter of 2017, below the 1.1% expected and below the 2.1% recorded in Q4 2016. In ...
04/28/2017
The White House unveiled its new tax reform plans on Wednesday, which is expected to usher in a rise in economic growth. The Trump tax plan calls for tax rates on businesses large and small to be slashed to 15% from 35%, while the number of income tax brackets will shrink from seven to three (10%...
04/27/2017
Home prices hit new highs in February fueled by an improving job market and low inventories of homes for sale across the nation. Black Knight Financial Services reported this week that home prices were up 0.8% in February from January to $268,000 from $266,000. From February 2016 to February 2017...
04/26/2017
The French elections on Sunday ignited a global Stock market rally deemed as a pro-Euro vote. French candidate Emmanuel Macron and Marie Le Pen will now advance to a run-off, with Macron seen as the likely to prevail against Le Pen. Macron is a former banker and looks to make big cuts in corporat...
04/24/2017
Freddie Mac released its April outlook this week revealing that for-sale inventories of homes, especially starter homes, are currently at their lowest level in over 10 years. If inventories continue to decrease, home sales will most likely decline from the 2016 levels. Freddie went on to say that...
04/19/2017
Mortgage rates continued to edge lower for the third straight week after the run up in home and refinance borrowing costs since the U.S. presidential election in November. Freddie Mac reported that the 30-year fixed conventional mortgage rate fell to 4.10% this week from 4.16% in the previous wee...
04/06/2017
Private job growth remained robust in March with a big concentration in the manufacturing and construction sectors, which usually tend to have higher paying positions. ADP reported that hiring in the private sector saw 263,000 new jobs created last month, well above the 175,000 expected and above...
04/05/2017
CoreLogic, a leading provider of data analytics, reported today that home prices, including distressed sales, jumped 7% from February 2016 to February 2017 due in part to high demand and limited supply across most local markets. Month over month, prices rose 1% percent. Looking ahead, prices are ...
04/04/2017
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