Plosser Tells Philadelphia: Rates May Need To Increase
Last week, the Federal Open Market Committee held the Fed Funds Rate at its current level and indicated that the economy is expanding at…
The Two Methods To Generate Home Equity Are Not Equal
Home equity is created in one of two ways (assuming increasing home value and a non-negatively amortizing first mortgage). In the first method of…
The Week In Review (February 5, 2007) : What To Watch For
Last week was not for the weak-hearted as mortgage rates bounced around like a fumbled Super Bowl football. In a widely-expected move, the Federal…
Upward Revisions Keeps Weak Job Data From Moving Rates
This morning’s Non-Farm Payrolls report showed that 111,000 new jobs were created in January, short of Wall Street’s 155,000 expectations. The weaker-than-expected figure did…
The Fed Says: Housing Shows Signs of Stabilization
The FOMC left the Fed Funds Rate at 5.250% yesterday, signaling controlled growth in the months ahead. Most notable was the press release’s inclusion…