The Fed’s decision to not increase the Fed Funds Rate from the 1-1.25% range was no surprise. It did shock the financial markets that they aren’t going to kick the can down the road, and will start to do their Quantitative Tightening this October. Here are the facts to wrap your head ... » Learn More about Fed Decision Wednesday to Not Increase Fed Funds Rate, Nothing Compared to Planned Quantitative Tightening to Affect Mortgages
economics
California Housing Update / The Housing Crisis – California Economic Forecast
Last week I attended the 2017 Entrepreneur Economic Forecast Conference covering the 2018 Los Angeles / Ventura County's Economic Outlook. The following analysis from the consulting firm emphases the housing supply and demand malfunction, and the local governments obstructions in fulfilling the ... » Learn More about California Housing Update / The Housing Crisis – California Economic Forecast
The Government Regulations & Dodd Frank Miss the Real Target on Avoiding Another Mortgage Meltdown
Instead of the government taking a scalpel to the problems that created the economic meltdown and mortgage backed security issues in 2007, they did a shotgun blast, and missed the target. Yes, there was plenty of blame to go around that created the Great Recession. Banks underwriting not doing ... » Learn More about The Government Regulations & Dodd Frank Miss the Real Target on Avoiding Another Mortgage Meltdown
Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs
The Fed left rates unchanged at today's FOMC meeting. They said that the case for a rate increase has strengthened, but decided to wait for further evidence. There were 3 dissenters - Rosengren, Mester, and George, the most since December 2014. This could set up a hike in December. The Fed's Dots ... » Learn More about Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs
Interest Rates Drop – Fed On Hold (again)
A combination of weak job numbers, mixed economic indicators, and the potential Britain exit of the European Union (BREXIT), has put the Federal Reserve on hold to increase the Fed Funds Rate. Internationally some countries interest rates have gone negative. That means if you put money into a ... » Learn More about Interest Rates Drop – Fed On Hold (again)