Weekend Update

Date

Market Update

  • Bonds are a little down right now so we recommend locking at the moment
  • Congressional Budget Office says the deficit is no 1.6 T.  They think it will increase 60% in the next 10 years if nothing was added.  That is extremely unlikely.
  • CBO anticipates unemployment will rise to 4.4% by end of 2024 which indicates the Fed might start to cut rates starting 2nd quarter of 2024. Cross your fingers!!
  • FNME home purchase estimate index rose to highest level in almost 2 years.  However 83% still think it’s not a good time to buy right now, but this number increased because most people feel good about their jobs, inflation coming
    down, and they think rates will come down.
  • Initial jobless claims fell 9,000 to 218,000. Continuing claims fell 23,000, but these levels are the highest since 2021. Once people lose their jobs, it’s hard to find a new one. 

2/9/2024

Weekend Update Date Market Update Bonds are a little down right now so we recommend locking at the moment Congressional Budget Office says the deficit is no 1.6 T.  They think it will increase 60% in the next 10 years if nothing was added.  That is extremely unlikely. CBO anticipates

Read More »

05/26/2023

Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.

Read More »

01/26/2024

Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.

Read More »

Leave a Reply

Your email address will not be published. Required fields are marked *