Weekly Market update

Economic Commentary for 8/13/24

Zip Recruiter Earnings Call Peter Boockvar, spoke with the CEO of Zip Recruiter, Ian Siegel. Ian said that the labor market conditions are challenging right now. He said that on a year over year basis, seasonally adjusted hires have declined every month since 2022…meaning we are seeing a steady weakening in the labor market. He […]

How the lower Federal Interest Rate can help you in 2020

Recent events have generated a lot of questions, so we’d like to help answer some of the more frequently asked: The Fed lowered its rate, can I get a 0.25% mortgage? No. The Fed lowered the Funds Rate. The Fed Funds Rate is the overnight rate that banks can lend to each other. When this […]

How Coronavirus has effected the Mortgage Economy

Recently, growing fears around the spread of the coronavirus have led to increased volatility in interest rates. With the Fed cutting its rate to 0.25% (the lowest it’s allowed), markets have been spinning off chaotically, bouncing up and down and causing many lenders to curtail pricing and temporarily suspend locking loans. While there is still […]