Action Lending - Mortgage News

The Fed Meeting is Coming Up and Borrower Alert

June 9th, 2017 5:13 PM by Gene Tidgewell

The Fed meets June 13 and 14, 2017 and comes out with their interest rate decision at 11:30 AM PDT.

WILL THEY RAISE RATES?

It is expected that they will raise the Fed Funds rate another 0.250 %. Most also expect them to indicate this may be the last increase of the year. The jobs report came out last Friday and wage inflation was down. In addition the jobs participation rate was down 2/10 % which causes the unemployment rate to drop.

JOLTS (Job Opening and Labor Turnover Survey)

The JOLTS Report was issued Tues day 6/6/17 and indicated there are 6,044,000 job openings in the US. That number grew by 344,000 from the March report. Why so many? Employers cannot find properly trained or educated candidates for the jobs they have. That is a problem.

The Mortgage Backed Securities have been moving pretty much sideways the last week and rates have been relatively flat.

BORROWER ALERT

I attended a real estate class today on the process of selling properties that have to go through Probate. Going through Probate can add up to a year to the process of selling an inherited property. I AM NOT AN ATTORNEY, but I would recommend to all my clients to investigate establishing a Living Trust and putting your home in it as part of your Estate Planning process. If you do not have a Trust attorney give me a call and I can refer you to a competent Trust attorney.

FORWARD THIS TO YOUR FRIENDS, SUBSCRIBE FOR FREE DOWN BELOW AND IF YOU HAVE ANY MORTGAGE OR REAL ESTATE QUESTIONS GIVE ME A CALL OR SEND ME AN EMAIL, TAKE CARE.

Posted in:General
Posted by Gene Tidgewell on June 9th, 2017 5:13 PM

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog: