Monthly Archives: February 2019

Why the Record Low Interest Rates?

The Mortgage Corner fred.stlouisfed.org The 30-year fixed rate conforming mortgage rate fell to a 1-year low, according to Freddie Mac, the GSE still in government conservatorship, and major purchaser of conforming conventional mortgages. The 30-year fixed-rate averaged 4.35 percent in … Continue reading

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Housing Market Still Alive and Well!

The Mortgage Corner Calculated Risk The Mortgage Bankers Association said last week its Builder Applications Survey data for January showed mortgage applications for new home purchases jumped by 43 percent from December, though was unchanged from a year ago.  This … Continue reading

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What If No Brexit Deal?

Popular Economics Weekly Equalitytrust.org We know why the UK voted to exit the EU—UK working class anger at not gaining many of the benefits from joining the EU, while experiencing its downside with the influx of eastern EU citizens that … Continue reading

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Modern Infrastructure A Must for Climate Change

Answering the Kennedys Call World Economic Forum There is something we can do as a country to mitigate the catastrophic changes that global warming is already wreaking on whole populations. Accelerate development of a modern for-the-22nd Century infrastructure. It will … Continue reading

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More Job Creation Coming

Popular Economics Weekly Wrightson-ICAP The number of job openings reached a series high of 7.3 million on the last business day of December, the U.S. Bureau of Labor Statistics reported yesterday. Over the month, hires and separations were little changed … Continue reading

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What Green New Deal?

Popular Economics Weekly The Green New Deal resolution introduced in the House by Massachusetts Sen. Ed Markey (D-MA) and Rep. Alexandria Ocasio-Cortez (D-NY) as H. RES.____ is really the vision of what a fully-realized United States of America could look … Continue reading

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What is Driving Household Formation and Home Sales?

The Mortgage Corner SF Federal Reserve The growth in household formation, the major determinate of home ownership, is slowly returning to pre-housing bubble levels, according to a 2016 report by the San Francisco Fed’s economic research dept. This is a … Continue reading

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