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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Inflation at the wholesale level rose more than expected in September as prices for everyday necessities remain at a multi-decade high, squeezing businesses and millions of American households. The Labor Department said Wednesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, rose 0.4% in September from the
READ MOREThe International Monetary Fund on Tuesday slashed its global growth outlook for next year, warning the world economy is headed for “stormy waters” and that there is a growing risk of a painful worldwide recession if major central banks fumble the fight against inflation. The Washington-based institution said in its latest World Economic Outlook that
READ MOREIf you’ve been on the fence about putting in an offer, fall may be the best time to go for it. Why? Because nationally it’s the BEST time to buy a home! The real estate market tends to be most favorable to buyers at the beginning of fall. More Inventory Early fall tends to
READ MOREInflation Buster helps lower your monthly payment. United Mortgage Corporation of America will pay 1% of your interest rate for the first year at no cost to you, saving you hundreds – even thousands. You get the security of a 30-year fixed-rate mortgage locked in at today’s rate. For example, if you lock a 6%
READ MORELabor Department data released Friday morning showed the US economy added 263,000 jobs in September, a slower pace than the previous month but probably not enough for those who want the Fed to pause sooner rather than later. Industry expert Barry Habib had the following gleanings from the household survey. Remember, the household survey is
READ MOREJobs, Jobs, Jobs: Its Big Jobs Friday! You can read the official BLS release here. Here is the Tale of the Tape: Jobs: September Non Farm Payrolls (NFP) increased by 263K vs. est. of 250K August NFP remained at 315K July NFP revised from 526K upward to 537K The rolling 3 month moving average is
READ MOREWRAP UPUMBS 5.5: 99.08 (+11bps)10yr yield: 4.01CPI data at 8:30am ET tomorrow. Markets expect higher number than June, so unless MUCH higher I don’t think way we will see too much of a negative response but there is definitely a possibility. If shelter costs and core CPI show more improvement than expected we could see
READ MOREWRAP UPUMBS 5.5: 98.73 (-16bps)10yr yield: 4.03 Mtg bonds bouncing around through the day, but not enough to see lenders reprice worse. Not a lot of risk floating into tomorrow. Rates sheets this morning will improve, and reprice risk on the day is low. Bonds here and abroad got a big boost overnight from soft
READ MOREJobs, Jobs, Jobs: We saw a pretty sizable increase in the number of announced corporate job cuts per the September Challenger Job Cuts report which moved from 20,485 in August to 29,989 in Sept. Initial Weekly Jobless Claims were higher than expected (219K vs. est. of 200K) but the prior week was revised lower to
READ MOREThe number of Americans filing first-time unemployment benefits rose more than expected last week, a sign the labor market is starting to cool a tight as the Federal Reserve raises interest rates at the fastest pace in decades. Figures released Thursday by the Labor Department show applications for the week ended Oct. 1 climbed to
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