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1818 E. Southern Ave, Suite 15C
Mesa, AZ 85204
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NMLS 164496 Arizona MB
0905975 Utah 5941296-NMLC
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September 3, 2024 – It is Labor Week

Economic Commentary We are in the middle of bookend labor events this week. We started out with Labor Day on Monday, a time for celebrating the American workers who have made our country a world leader. We will then close the week with the employment report for the month of August. Both events are very significant. Even though Labor Day...” Read More

Posted by starwest

August 27, 2024 – The Movement of Interest Rates

Economic Commentary Mortgage interest rates have already moved significantly lower over the past several weeks. Where they move from here will be determined by many factors – not the least of which is the next jobs report to be released next week. After the weaker report for the month of July another tepid or even moderate job report for August...” Read More

Posted by starwest

August 20, 2024 – Squeezing the Last Drop

Economic Commentary The war on inflation has been a long-drawn-out affair. From a low of 1.23% during the height of the pandemic in 2020, inflation rose to 4.71% in 2022 and peaked at 8.00% in 2022. During the past 12 months, inflation has averaged approximately 3.0%, a drop of over 100% from the peak of 2022. That is also 50%...” Read More

Posted by starwest

August 13, 2024 – The Election Factor

Economic Commentary At the very beginning of the year, we discussed factors that would affect the markets and interest rates in 2024. There were plenty of factors to discuss—from economic growth to the progress against inflation. Most of those factors were “up in the air” – for example, we had no idea how long it would take to show progress...” Read More

Posted by starwest

August 6, 2024 – A Busy Two Weeks

Economic Commentary We have a very busy few weeks of economic news. While the stock market was reaching record highs in July, the month closed with some important news. As July came to a close, the initial reading of economic growth for the second quarter was released. The 2.8% growth rate was seen as better than expected. Then we saw...” Read More

Posted by starwest

July 30, 2024 – Will It Take a Recession?

Economic Commentary For most of last year, it was apparent that the Federal Reserve wanted the economy to stop growing so fast. Though you would never hear them say that they were trying to force us into a recession, certainly forecasters were predicting a recession. But the recession never came as the economy and especially the American consumer provided some...” Read More

Posted by starwest

July 23, 2024 – The Listings Are Here

Economic Commentary A few months ago, we delineated the reasons that listings would start to grow after several years of real estate purchase prospects not being able to find a house. These reasons included long-term demographic factors such as baby boomers wanting to age in place, but finally aging out of their homes. They also included short-term factors such as...” Read More

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July 16, 2024 – And Now For the Second Act

Economic Commentary In our desire to experience lower interest rates during the second half of the year, two weeks ago we had the release of the first part of our economic “one-two” punch. As we reported, the jobs report indicated progress towards our lower rate goal. Next up? Our monthly reports on inflation. Last week we experienced the second leg...” Read More

Posted by starwest

July 9, 2024 – First Part of The “Two-Fer”

Economic Commentary In the previous commentary, we promised a chance at a “two-fer” which could help put pressure on interest rates to ease down in the second half of the year. We have already had a decent move downward in interest rates, but there is so much more work to be done in this regard. On Friday we had the...” Read More

Posted by starwest

June 25, 2024 – Is the Fed Over-Communicating?

Economic Commentary The Federal Reserve Board has always been very careful regarding making public statements that will affect the markets. As a matter of fact, in years past the Fed was much more clandestine regarding their opinions to avoid roiling investors. So much so that there were complaints about the Fed not being open enough about what they were up...” Read More

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