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Last Week in Review: Celebrating Independence Day The Fourth of July, Independence Day or July 4th was first recognized as a federal holiday in June of 1870, but the tradition of the 4th celebrations dates back to the 18th century and the American Revolution. On July 2nd, 1776, the Continental Congress voted in favor of […]

Last Week in Review: Powell Delivers Halftime Report to Congress This past week Federal Reserve Chair Jerome Powell delivered his semi-annual testimony to Congress on Capitol Hill. Let’s walk through what the Chair said and how the financial markets reacted as well. “At the Fed, we understand the hardship high inflation is causing. We are strongly […]

Last Week in Review: The Big Rate Hike This past week, the Federal Reserve raised the Federal Funds Rate by .75%, the first such hike since 1994. Let’s walk through what the Fed said and how the financial markets reacted. “Clearly, today’s 75 basis point increase is an unusually large one and I do not […]

Last Week in Review: Three New Concerns for the Fed This past week, home loan rates increased slightly from the previous week as we are just a couple of days away from the next Fed Meeting. Let’s walk through what happened and discuss what to look for in the week ahead. As we approach the […]

Last Week in Review: The Feds Job on Jobs Home loan rates increased slightly from the previous week as we are just a couple of weeks before the next Fed meeting. Let’s walk through what happened and discuss what to look for in the week ahead. “As I will explain, this very tight labor market […]

Last Week in Review: Some Good News on Rates This past week, home loan rates improved to the best levels in a month. The 10-yr Note yield closed beneath 2.80% for two consecutive days for the first time since April 13th. Moves like these begin to suggest that rates may have peaked. The main reason […]

Last Week in Review: Recession Fears Emerge This past week, home loan rates improved slightly in response to growing fears of a recession. Let’s walk through what happened and discuss what to look for in the week ahead. “What we need to see is inflation coming down in a clear and convincing way, and we’re […]

Last Weeki In Review: CPI High, Rates Sigh This past week, home loan rates bounced around in a volatile fashion in response to more of the same…Fed speaks, inflation readings, and uncertainty. Let’s walk through what happened and discuss what to look for in the week ahead. “Although the task is difficult, it is not […]

Last Week in Review: The Fed Takes Action This past week, the Federal Reserve hiked the Fed Fund Rate by .50%, the largest rate increase in 22 years. Let’s discuss what other action the Fed took, how the market reacted and what to look for in the week ahead. “I would like to first speak […]

Last Week in Review: Feb and Bond Market Are Quiet for a Change This past week was a bit quiet as no Federal Reserve officials were talking to move the market. However, this changes next week, as we approach the highly anticipated FOMC (Federal Open Market Committee) Meeting. Let’s discuss what to look for as […]