General Archives - Page 2 of 15 - Starwest Mortgage Corporation

July 11, 2023 – Did The Jobs Machine Take a Breather as Well? Last month, the Federal Reserve Board took a breather from raising rates.

Economic Commentary Did The Jobs Machine Take a Breather as Well? Last month, the Federal Reserve Board took a breather from raising rates. They went into “wait and see mode” in order to determine what they would do next. Well, one data point they were waiting for arrived last Friday – the jobs report. Up until now the jobs machine...” Read More

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July 4, 2023 – It’s All About the Spread. As a reminder, when we speak about spreads, we are not referring to cream cheese.

Economic Commentary It’s All About the Spread. As a reminder, when we speak about spreads, we are not referring to cream cheese. If you want to know about the future of mortgage rates and how quickly they might fall, it is not enough to study the economic news such as the jobs and inflation reports. It also concerns the spread...” Read More

Posted by starwest

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

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

Posted by starwest

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

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July 11, 2023 – Did The Jobs Machine Take a Breather as Well? Last month, the Federal Reserve Board took a breather from raising rates.

July 4, 2023 – It’s All About the Spread. As a reminder, when we speak about spreads, we are not referring to cream cheese.

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.

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.

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