Market Watch

*The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation*

Fears of Inflation

Reports coming out this morning have raised some concerns about inflation.  The retail sales dropped to their lowest reported number in 11 months.  The consumer price index jumped by 0.5% which was well above expectations.  It is likely that the Fed will be watching these numbers closely and might spur a rate increase at their… [Read More]

0 comments

Mortgage Rates Are On The Rise

Mortgage Rates Are On The Rise The last few weeks have been interesting in the mortgage rate world.  Despite the Federal Reserve not increasing their benchmark rate at their last meeting, we have seen rates increase steadily for the last five consecutive weeks.  This along with home prices increasing because of the lack of inventory… [Read More]

0 comments

Federal Reserve Leaves Rates Unchanged

The Federal Reserve met for their meeting January 30 to the 31st and decided to leave their benchmark interest rate at 1.25% to 1.5% in hopes of supporting continued job growth and stronger inflation.  There are still discussions around another rate hike at their March meeting.  That meeting is scheduled for March 20-21st. This was the last… [Read More]

0 comments

S&P Case-Shiller Home Price

Home prices showed a sharp incline for November up to 6.2 in November with the moving average at 6.4%. This increase is due in part to a shortage of homes on the market.  Seattle the greatest increase of 12.7% whereas D.C. only reported a 3.3% increase.  Denver stands at a 7% increase, although a high… [Read More]

0 comments

Income, Consumption, & Spending

With it being the end of the month, there are a lot of reports coming out that highlight different aspects of the economy. Consumer spending is up from the prior period showing an increased demand in goods and services. However, this gain also came with a drop in savings reporting a 10-year low. This will… [Read More]

0 comments

Gross Domestic Product

The annualized Gross Domestic Product (GDP for short) came in static at 2.6% showing that the final quarter finished the year strong.  This s still short of Trump’s 4% that he promised.  The GDP is showing resilience as the jobless rate improves and the stock market surges.  The final quarter of 2017 showed that American’s… [Read More]

0 comments

Jobless Claims & New Home Sales

After hitting a 45-year low, the number of Americans who filed for unemployment rebounded but the number still came in lower than expected which indicates a tightening labor market.  Seasonal fluctuations this time of year make estimating what the numbers will be difficult.  Parts of the country have experienced extremely cold temperatures as well so… [Read More]

0 comments

Existing Home Sales | January 24, 2018

The only report I’m looking at this morning is the Existing Home Sales report.  The results this morning show that sales are down 3.6% in December versus the estimation of only 1.5%.  This drop is attributed to a record low supply which is pushing the prices up.  I’m not that surprised with the drop since… [Read More]

0 comments

January 23 | Economic Update

  The only report coming out of the economic corner this morning that I am concerned about is the Richmond Fed Manufacturing Index.  This covers activity in Washington DC, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.  The drop is thought to be due to a decrease in shipments, employment, and annualized… [Read More]

0 comments

January 22 | Economic Update

The only report coming out this morning is the Chicago Fed Index which reported a positive reading, but less than the consensus expected.  The three month moving average of this indicator shows a positive 0.23 in December whereas in November, the moving average was 0.26.  The cause of the decrease is attributed to a slightly… [Read More]

0 comments

January 12 | Economic Update

Yesterday, New York Fed President Bill Dudley indicated that he believes tax cuts are putting our economy on a path that is not sustainable and may threaten future growth.  Fed Chair, Janet Yellen, indicated the same back in November.  Dudley, however, did indicate that he believes the GDP outlook in 2018 will be a 2.75%… [Read More]

0 comments

January 11 | Economic Update

There are a lot of reports coming out on our economy today!  The biggest surprise out of the economic reports today is the initial jobless claims.  There was an unexpected spike in initial unemployment claims that are believed to be a result from the recent cold weather.  The continuing jobless claims remain low and is… [Read More]

0 comments

Economic Update | October 30

October 30, 2017 | Christy Whaley The biggest surprise out of the markets corner today is the personal spending report.  US Consumers showed the largest spending gain since 2009.  Economists believe this is due to Texas and Florida households replacing flooded vehicles and is expected to taper back down in the coming months. * Core… [Read More]

0 comments

Economic Update | October 26

October 26, 2017 | Christy Whaley Initial jobless claims are coming in a little higher than expected, but overall the trend continues down. This is a positive indicator on our market and that the jobs sector continues to grow.  Also out of the markets corner today is the ECB (European Central Bank) Policy Statement.  They… [Read More]

0 comments

Economic Update | October 19

October 19, 2017 | Christy Whaley After falling for a few consecutive months, the Philadelphia Fed reported an increase this morning larger than expected.  This could be an indicator that the business sector is gaining momentum, or could be due to seasonal ramp-ups.  The initial jobless claim also showed signs of improvement.  These two reports… [Read More]

0 comments

Economic Update | October 18

October 18, 2017 | Christy Whaley Housing starts fell to a one year low due to Harvey and Irma.  Economists expect the housing starts to rebound in the fourth quarter.  Building permits also fell to a one year low, likely due to the Hurricanes also. * Housing Starts | Moderate Impact * What it tells us: Housing… [Read More]

0 comments

Economic Update | September 14

September 14, 2017 | Christy Whaley There are a few interesting results coming out today.  The US Consumer price report shows an acceleration in August.  The data reported today show signs of inflation which will allow the FOMC to continue to tighten monetary policy later this year. * Jobless Claims | Moderate Impact * What… [Read More]

0 comments

Economic Update | September 13

September 13, 2017 | Christy Whaley The only report coming in today is the Core Producer Price Index.  The price index rebounded during the last period which was caused by a surge in the cost of gasoline.  Producer inflation is also showing signs of picking up which also contributed to the increase in the Core… [Read More]

0 comments

Economic Update | September 7

September 7, 2017 | Christy Whaley Hurricane Harvey caused a surge in initial jobless claims.  Real numbers came in much higher than expectations.   Jobless claims are at a two year high. * Jobless Claims | Moderate Impact * What it tells us: The number of people who are filing or have filed for first-time unemployment… [Read More]

0 comments

Economic Update | August 30

August 30, 2017 | Christy Whaley The US revised 2Q GDP is up to the President’s 3% target.  The economy is growing faster than initially expected and at its quickest pace in more than two years.  The employment report also came in as a surprise.  The report shows that employment jumped by 237K in the… [Read More]

0 comments

Economic Update | August 24

August 24, 2017 | Christy Whaley We had two reports come out today, the jobless claims report and the existing homes report.  Jobless claims came in lower than expected which is obviously a positive for our economy.  They are up a little bit from the prior period, but overall, jobless claims are trending down.  The… [Read More]

0 comments
refinance advisor

Economic Update | August 23

August 23, 2017 | Christy Whaley The only report coming out today is the New Home Sales report. Unfortunately, new home sales are down 9.4% which is a 7 month low for the month of July.  The last two months were revised to be higher than initial reports so hopefully the same happens for July…. [Read More]

0 comments