Post election recap

With a contentious election behind us I think both sides can agree that at least we don’t have to get 20 text messages a day from political parties. Seriously I was contemplating getting a burner phone it was ridiculous! Not only was there an election this week the Fed also cut rates by .25%. This […]

October Job report underwhelms

The US economy added just 12,000 jobs in October, which was well below expectations. Plus, revisions to previous data for August and September cut 112K jobs from those months combined while the unemployment rate held steady at 4.1%. This report was the worst report we’ve seen since December of 2020. Any way you slice it […]

Mortgage rates hate October

Well spooky season is here and I think for Halloween this year I’m going to go as a chart of mortgage rates over the last month. I can’t think of anything scarier than that! I’ll do my best to break down what my best guess as to why the sudden increase in rates. It was […]

BLS Jobs Report

You didn’t think it was always going to be that easy right? After months of rates declining in a pretty orderly fashion rates have hit a bit of a wall. Rates jumped up today as the job report for September was well above estimates, as the September jobs report saw 254K new jobs were created versus […]

9/20-Aftermath of Fed rate cut

The Fed just aggressively cut rates by 1/2%, bringing the Fed Funds Rate down to 4 7/8%. The Fed is also forecasting another 1/2% cut by the end of this year, and an additional 1% cut in 2025. It should be noted that these forecasts may change, in either direction, as economic data presents itself. […]