• December 7, 2020
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• realestatelife

New Conforming Limits is $548,250.00. New High Cost Areas is $822,375.00. Please call me if you have any questions.

• September 4, 2020
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• realestatelife

The U.S. economy added 1.4 million jobs in August, indicating the pace of rehiring has eased amid growing fears the nation faces a slow recovery from the coronavirus pandemic. The unemployment rate dropped to 8.4%, according to the Labor Department.

• April 9, 2020
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The Federal Reserve will provide up to $2.3 trillion of loans to further support the economy, the central bank said Thursday. The so-called Main Street Lending Program will provide support to households and businesses of all sizes and help governments deliver critical services to combat disruptions caused by the COVID-19 pandemic.

• March 26, 2020
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The number of Americans filing for unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses around the country to shutter their doors. The number eclipsed the previous record of 695,000 set in 1982 and is well above the levels seen in the midst of the 2008 financial crisis, the

• March 16, 2020
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In a dramatic step Sunday meant to make borrowing as cheap as possible for American households and businesses as the coronavirus brings the U.S. economy to a near standstill, The Federal Reserve made its second emergency cut in two weeks, slashing 1% off its benchmark rate, and renewed a program to buy $500B in Treasury

• March 12, 2020
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Federal reserve announces $1 trillion in 3-month repo over two days, and officially starts purchasing coupon Treasuries as part of its POMO operations.

• September 18, 2019
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• realestatelife

The Federal Reserve cut its federal funds rate on Wednesday by a quarter percentage point to a range of 1.75 percent to 2 percent but offered few signs that further cuts are ahead. The decision comes at the end of its two-day policy meeting.  The vote was 7 to 3.   We would expect one more

• September 6, 2019
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• realestatelife

U.S. creates just 130,000 new jobs in August, keeping Fed on track to cut rates The economy created just 130,000 new jobs in August, offering more evidence that hiring has slowed in 2019. Most Americans who want a job can find one, however, and the 3.7% unemployment rate is near a 50-year low.   The

• May 3, 2019
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• realestatelife

Average Hourly Earnings Year over Year 3.2 vs. estimates of 3.3.  Unemployment rate 3.6 vs. estimates of 3.8.  Non Farm Payrolls 253,000 vs. estimates of 185,000.

• November 1, 2018
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U.S. productivity rose at 2.2% annual pace in the third quarter after a strong gain in the spring, marking the best back-to-back performance in four years in a good sign for the economy. Companies increased the amount of goods and services they produced, known as output, by 4.1% in the three months stretching from July