Monthly Archives: July 2014

Consumer Confidence In A ‘Goldilocks’ Economy

Popular Economics Weekly Once upon a time, the U.S. was considered to have a “Goldilocks” economy that was neither too hot nor too cold; where inflation was moderate, yet there was full employment. This last happened in the late 1990s … Continue reading

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Pending Home Sales Remain Strong

The Mortgage Corner The Pending Home Sales Index, a forward-looking indicator based on contract signings, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (110.8), reports the National Association of Realtors. … Continue reading

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Restricted Credit Will Impede Housing Recovery

Financial FAQs As if we need more evidence that the Consumer Protection Finance Bureau and government regulators have listened to the wrong people when drafting their Qualified Mortgage requirements (that lowers the maximum debt-to-income ratio to 43 percent for non-agency … Continue reading

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Existing-Home Sales On Rise Again

The Mortgage Corner The NAR just reported total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June from an upwardly-revised 4.91 … Continue reading

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Don’t Forget the Consumer!

Popular Economics Weekly “It’s the Consumers, Stupid,” is an oft-repeated mantra being echoed currently by Internet advocates who want to keep Internet access free. But there’s a more important reason to worry about consumer health. Consumers are still way too … Continue reading

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Why Such Low Interest Rates?

The Mortgage Corner Fixed 30-year conforming interest rates have once again dropped slightly below 4 percent for a 1 pt. origination fee in California, after being as high as 4.50 percent earlier this year. Why the drop when most economic … Continue reading

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Don’t Forget the Millennials!

Popular Economics Weekly Fed Chair Janet Yellen’s current congressional testimony is saying the Fed could keep rates low for a long time to come. Why? Because unemployment is still too high, and economic growth too slow at present. The CBO … Continue reading

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