How Employment and Unemployment Affects Interest Rates
The December employment report came in relatively bond friendly. Though unemployment came in at 10% as expected; the payroll component showed job losses of 85,000 compared to the 35,000 losses that were expected by analysts. Though the mortgage bond market had a generally positive reaction to the report, improvements in rates were tempered by concerns [...]
Holiday Market Volatility
Emotions and your weight are not the only things that are volatile during the holidays as we watch the different indicators in the market go up and down on a daily basis. One day inflation seems to be out of control in one sector to be brought back from the brink by another sector the [...]
Builders Are At It Again
A sign went up in my East Nashville neighborhood about six months ago that a house was going to be built soon and we saw nothing but the sign. However, over the last two weeks, the builder is not only building on that lot but on two additional lots on the street. What that tells [...]
The First Presidential Debate and the Economy
After watching the debate last night I am hearing that there are a lot of people who came away with the same thoughts as I did. Neither one of the presidential candidates wanted to address the current economy situation, but really, who can blame them?
I’m in the mortgage business and I can tell you that [...]