Hey everyone!
I am very excited for spring. Felt good to see outdoor activities this weekend, didn't it?
Now that the family has settled into a new life routine after our big move I find myself back into my normal routine of scouring stock charts, financial news, mortgage bond charts, and trying to get a glimpse into some future possibilities.
Found some interesting articles and have some ideas. Here are some of the more important ones.
The current labor participation rate in our economy is at 1979 levels. The number on this is 90 million people in our country. Let me repeat. That was the 70's. At face value, not an exciting statistic.
Read the article here
The bond market rallied strong on last Friday's Jobs Report. While an immediate pullback is likely, the die is cast for more momentum to the upside and improving mortgage rates in our near future. Will this be the final rally of the now12 year bull cycle? Feels like it. But, keep in mind, this is a manipulated market and we are at either the government discretion or a market move once the control is back in the hands of the market.
More costs to consumers for home loans? The Consumer Finance Protection Bureau is considering a Compliance Fee to be allowed to be a new line item charge you will see on your next loan transaction. What is this? Given all the additional work needed on a loan these days to maintain compliance with the broadly sweeping regulations I'd rate this likelihood high.
As always, I'm happy to weigh in with thoughts regarding your plans and mortgage financing. Click below to get my direct contact information.
Brett Grendahl
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