Blog - Page 10 of 31 - Starwest Mortgage Corporation

January 21, 2025 – 2024 Redux?

Economic Commentary If you read all the predictions for 2025, it seems as if we are expecting 2024 to happen all over again. Interest rates are supposed to go down, but they are likely to move slowly. The economy is supposed to slow down, but it is continuing to hold on in growth mode. Real estate inventory is supposed to...” Read More

Posted by starwest

January 14, 2025 – The 2024 Jobs Picture

Economic Commentary On Friday, we had the last jobs report for 2024 with the release of December’s data. Though there will be revisions to the last two months of data, we now have a pretty good picture of how strong the job market was last year. Let’s start with December’s numbers. We added 256,000 jobs in December and the unemployment...” Read More

Posted by starwest

January 7, 2025 – What’s With The Fed?

Economic Commentary A lot of interest rate watchers were very confused late last year. As was expected, in their last meeting of the year, the Federal Reserve Open Market Committee lowered rates for the third time in 2024. But interest rates such as mortgages reacted instantly by increasing. How can that be? Doesn’t the Fed control interest rates? Not as...” Read More

Posted by starwest

December 31, 2024 – Happy New Year Predictions!

Economic Commentary We hope you all are having a great holiday season. With the new year we are always looking to bring the latest predictions concerning the real estate market and the general economy. Of course, this also comes with our annual warning – predictions are futile (adapted from Star Trek). No one can predict the future – but the...” Read More

Posted by starwest

December 17, 2024 – The Last Fed Meeting

Economic Commentary No, the Federal Reserve is not being disbanded. But it is the last meeting of the Federal Reserve for the year – barring some sort of emergency which takes place in the next two weeks. The Fed has a lot to consider for this meeting. Two weeks ago, we had a strong jobs report, which indicated that the...” Read More

Posted by starwest

December 10, 2024 – The Picture Sharpens

Economic Commentary Last week we had the final published jobs report for the year. November’s report came in with a gain of 227,000 jobs. Because of the incomplete numbers of the previous month, the revision of October’s numbers was also an important area of focus. Originally reported at 12,000, October’s jobs gains were revised upward by 24,000. In addition, September...” Read More

Posted by starwest

December 3, 2024 – A Better Picture

Economic Commentary We have had so many months of jobs gains that the monthly employment report has held little intrigue lately. As a matter of fact, the ancillary numbers such as wage inflation have garnered more attention than the number of jobs gained in some circles. For at least one month, this is no longer the case. In October, the...” Read More

Posted by starwest

November 26, 2024 – The Budget Deficit

Economic Commentary The initial response to the President-elect’s victory was a huge Wall Street rally. Despite the fact that there were already significant gains in 2024, stock market indices reached new heights immediately after the election. The bond market? Not so much of a rally, despite the fact that the Federal Reserve lowered their benchmark lending rate at a scheduled...” Read More

Posted by starwest

November 19, 2024 – Back to the Inflation Picture

Economic Commentary The election is over. The Federal Reserve has met and made their decision regarding short-term interest rates. The next question is – where do we go from here? While the Fed has lowered their rates, mortgage rates actually increased leading up to the election and the meeting of the Fed. And this increase was not a small bump...” Read More

Posted by starwest

November 12, 2024 – The Results

Economic Commentary A lot has happened in the past few weeks. First, we had a slew of data showing that the economy is still on solid footing. The advanced estimate of economic growth (GDP) for the third quarter came in at 2.8% — a solid, but unspectacular number. The October jobs report was obviously affected by the recent hurricane disasters...” Read More

Posted by starwest

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January 21, 2025 – 2024 Redux?

January 14, 2025 – The 2024 Jobs Picture

January 7, 2025 – What’s With The Fed?

December 31, 2024 – Happy New Year Predictions!

December 17, 2024 – The Last Fed Meeting

December 10, 2024 – The Picture Sharpens

December 3, 2024 – A Better Picture

November 26, 2024 – The Budget Deficit

November 19, 2024 – Back to the Inflation Picture

November 12, 2024 – The Results

NO CLOSING COST Mortgage!