Steve Reed Benchmark Home Loans

Follow me
By
Mortgage and Lending - Benchmark Home Loans - 173024

ARCHIVED BLOG POSTS

2018 

Tame inflation data is giving both Stocks and Bonds a boost this morning as the month and quarter come to an end. The Fed's favorite inflation gauge, the annualized Core PCE, met expectations of 1.6% for February, just above the 1.5% recorded in January - yet still well below the Fed's target ran...
03/29/2018
Final Gross Domestic Product (GDP) in the fourth quarter of 2017 came in at 2.9%, down a bit down from 3.2% in the third quarter. This was up, however, from the 2.5% from the second estimate. Within the report it showed that consumer spending rose 4.0%, up from 2.2% in the third quarter, represen...
03/28/2018
Reports from the Wall Street Journal stating that the U.S. and China are in quiet trade talks are helping Stocks rebound after last week's steep losses. The S&P 500 lost 6% last week, its worst week in two years, but finished just above support at its 200-day Moving Average at 2,585 on Friday. Th...
03/26/2018
The Commerce Department reported on Friday that New Home Sales in February edged lower by 0.6% from January to an annualized rate of 618,000, just below the 620,000 expected. This was the third straight monthly decline. However, New Home Sales were up 0.5% from February 2017 to February 2018. Sal...
03/23/2018
0 Comments
As expected, yesterday the Federal Reserve raised the short-term Fed Funds Rate by 0.25% bringing it to a range of 1.50 to 1.75%. The statement and Fed Chairman Jerome Powell's first press conference offered no surprises. The Fed is forecasting at least two more rate hikes in 2018, with three mor...
03/22/2018
The National Association of REALTORS® (NAR) reported on Wednesday that Existing Home Sales rose 3 percent in February from January to an annual rate of 5.54 million annualized units, above the 5.42 million expected. The NAR said that despite low inventories of homes for sales on the market and fa...
03/21/2018
In D.C. news, the Washington Post reports that the Trump Administration is getting ready to announce a $60B tariff plan for Chinese imports. In addition, there is now talk out of Capitol Hill of "Phase Two" of the U.S. tax plan, which may look to make individual cuts permanent. Newly appointed Fe...
03/20/2018
Economic data had little impact on the U.S. markets earlier this morning with a better-than-expected Empire Manufacturing Index, Philadelphia Fed Index was in line with estimates and Weekly Initial Jobless Claims hovering near lows seen in 1970. The NAHB Housing Market Index came in at 70 this mo...
03/15/2018
Spending at U.S. retail stores fell for the third straight month in February, which could signal an economic slowdown in the first quarter. February Retail Sales fell 0.1% last month versus the gain of 0.3% expected after declines in December and January. The three straight months of decline in R...
03/14/2018
Low supplies of homes for sale on the market, especially entry-level homes, continues to push home prices higher across the nation. CoreLogic reports that home prices, including distressed sales, rose 6.6% from January 2017 to January 2018. On a month-over-month basis, home prices were up 0.5%. L...
03/06/2018
Rainmaker
301,655

Steve Reed

Steve Reed Branch Manager | Benchmark Home Loans
local_phone(423) 232-0111
Contact The Author