June 2023 - Starwest Mortgage Corporation

June 27, 2023 – Recession Update. Just about every market analyst has been predicting a recession sometime in 2023.

Economic Commentary Recession Update. Just about every market analyst has been predicting a recession sometime in 2023. Well, here we are ending the first half of the year and we have seen very few signs of a recession. To the contrary, as of last month the economy had added almost 1.5 million jobs in the first five months of the...” Read More

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June 20, 2023 – The Fed did consider a pause, but they won’t call it a pause even though they did not raise rates. Why is that?

Economic Commentary To the Fed, it is not a pause. When a kitten or puppy waves their paws at us, it is considered major cuteness in action. When the Federal Reserve Board is faced with a decision regarding the “pausing” of interest rate hikes, there is no cuteness involved – just a bunch of hemming and hawing (not pawing). So,...” Read More

Posted by starwest

June 13, 2023 – Fifteen months ago, the Federal Reserve Board’s Open Market Committee met and raised short-term interest rates for the first time in almost four years.

Economic Commentary Here Comes The Fed. Fifteen months ago, the Federal Reserve Board’s Open Market Committee met and raised short-term interest rates for the first time in almost four years. Since then, there has been an automatic rise in short-term rates each time they have met – ten times in all. In a previous commentary we spoke about the tide...” Read More

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June 6, 2023 – With a three percent interest rate and current rates closer to 6 percent or so, owners feel locked into their house.

Economic Commentary Locked in The House. In the old days, locked in a house would mean that the occupants are secure from threats emanating from outside their house. Today, they are also more likely to have not only a lock, but also a security system and/or video cameras. But this is not really the type of “locked in the house”...” Read More

Posted by starwest

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June 27, 2023 – Recession Update. Just about every market analyst has been predicting a recession sometime in 2023.

June 20, 2023 – The Fed did consider a pause, but they won’t call it a pause even though they did not raise rates. Why is that?

June 13, 2023 – Fifteen months ago, the Federal Reserve Board’s Open Market Committee met and raised short-term interest rates for the first time in almost four years.

June 6, 2023 – With a three percent interest rate and current rates closer to 6 percent or so, owners feel locked into their house.

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