Blog - Page 16 of 28 - Starwest Mortgage Corporation

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

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May 30, 2023 – In the real estate market, things usually slow down a bit in the summer as the spring market winds down. Only, this is not your ordinary June.

Economic Commentary Seasonality, Debt, and Banks. Why did we put these three words together? First, we just celebrated Memorial Day. Though summer does not start officially for a few weeks, Memorial Day is the unofficial start of the summer season. It is the time that school starts to let out and the masses plan their vacations. In the real estate...” Read More

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May 23, 2023 – The Tide is Turning. For a year we have had to deal with rising interest rates and lower home affordability.

Economic Commentary The Tide is Turning. For a year we have had to deal with rising interest rates and lower home affordability. Much of this was expected after record-low interest rates helped fuel a real estate purchasing frenzy which resulted in prices increasing by double digits for the past few years. Fast forward to today, and home prices have held...” Read More

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May 16, 2023 – Does It Feel Like a Recession? Fannie Mae’s economists say a recession is coming. So does the Mortgage Bankers Association.

Economic Commentary Does It Feel Like a Recession? Fannie Mae’s economists say a recession is coming. So does the Mortgage Bankers Association. As a matter of fact, 58% of economists are predicting a recession coming in the near future. Some even are predicting that the recession has started in the second quarter, but most are now expecting the start to...” Read More

Posted by starwest

May 9, 2023 – Pulse of the Economy: Jobs. It is amazing that the economy produced approximately one million jobs during the first quarter of the year.

Economic Commentary Pulse of the Economy: Jobs. It has been a crazy first quarter. It is amazing that the economy produced approximately one million jobs during the first quarter of the year. Everyone knew that the pace of job creation was not likely to continue, especially since we have already replaced the number of jobs lost during the pandemic-induced recession...” Read More

Posted by starwest

May 2, 2023 – The middle point of a busy two weeks is being occupied by a two-day meeting of the Federal Reserve’s Open Market Committee.

Economic Commentary Decision Time For The Fed. The middle point of a busy two weeks is being occupied by a two-day meeting of the Federal Reserve’s Open Market Committee. At this juncture, the bets are on another .25% increase in short-term interest rates, but there is some hope that the Fed finally passes on increases for the first time in...” Read More

Posted by starwest

April 25, 2023 – Triple Whammy Time. Every week seems to be a big week when it comes to economic data and events.

Economic Commentary Triple Whammy Time. Every week seems to be a big week when it comes to economic data and events. However, it is not often we see the triple whammy of events which will occur this week and next. This period typically occurs once or twice per year. What are these events? First, this week we will have the...” Read More

Posted by starwest

April 18, 2023 – We feel that it is about time that we revisit the predictions we reviewed at the end of 2022.

Economic Commentary There Are Predictions and Then There Are Predictions. We are now over one-quarter of the way through the year. We will soon have the first measure of economic growth for the first quarter of the year – just in time for the Federal Reserve to meet again and decide whether to raise short-term rates again. Thus, we feel...” Read More

Posted by starwest

April 11, 2023 – Between a Rock and a Hard Place. Excuse our overuse of common clichés. But we can find no other description of the dilemma facing the Federal Reserve.

Economic Commentary Between a Rock and a Hard Place. Excuse our overuse of common clichés. But we can find no other description of the dilemma facing the Federal Reserve. We would not want to be in their place. On one hand, the jobs market has been red hot up until now and inflation is still a major concern. When you...” Read More

Posted by starwest

April 4, 2023 – Can The Machine Continue Humming? The employment sector of the economy has been nothing short of amazing.

Economic Commentary Can The Machine Continue Humming? The employment sector of the economy has been nothing short of amazing. Close to full employment, we lost an amazing number of jobs during the pandemic – close to 25 million. By July of last year, we had recovered those jobs and it was expected that the pace of job creation would slow...” Read More

Posted by starwest

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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.

May 30, 2023 – In the real estate market, things usually slow down a bit in the summer as the spring market winds down. Only, this is not your ordinary June.

May 23, 2023 – The Tide is Turning. For a year we have had to deal with rising interest rates and lower home affordability.

May 16, 2023 – Does It Feel Like a Recession? Fannie Mae’s economists say a recession is coming. So does the Mortgage Bankers Association.

May 9, 2023 – Pulse of the Economy: Jobs. It is amazing that the economy produced approximately one million jobs during the first quarter of the year.

May 2, 2023 – The middle point of a busy two weeks is being occupied by a two-day meeting of the Federal Reserve’s Open Market Committee.

April 25, 2023 – Triple Whammy Time. Every week seems to be a big week when it comes to economic data and events.

April 18, 2023 – We feel that it is about time that we revisit the predictions we reviewed at the end of 2022.

April 11, 2023 – Between a Rock and a Hard Place. Excuse our overuse of common clichés. But we can find no other description of the dilemma facing the Federal Reserve.

April 4, 2023 – Can The Machine Continue Humming? The employment sector of the economy has been nothing short of amazing.

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