Updates, Tips, & Finance News

Hi there,

I hope you had a good weekend!

Last week the US Federal Reserve spoke and kept interest rates unchanged. Since then, interest rates on US government bonds have fallen across the curve.

Mortgage rates have also fallen providing an added benefit for homeowners or buyers. Some may say this is stimulative to the US consumer.

During this week alone, mortgage applications jumped nearly 9% and refinancing activities surged to over 12%.

This comes as no surprise as the 30yr fixed-rate mortgage is almost 0.7% lower than its peak in November.

See you next week!


The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information provided does not take into account the specific objectives, financial situation or particular needs of any specific person. Diversification does not ensure a profit or protect against a loss in a declining market. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Forecasts or projections of investment outcomes in investment plans are estimates only, based upon numerous assumptions about future capital markets returns and economic factors. As estimates, they are imprecise and hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.The US Federal Reserve’s actions were in reference to the official transcripts of the Federal Open Market Committee’s March 20, 2019 formal written press release. Interest rates falling across US government bond maturities on the yield curve were observed from the US Department of the Treasury’s daily yield curve rate tracker. The maturities in reference were: 1mo, 2mo, 3mo, 6mo, 1yr, 2yr, 3yr, 5yr, 7yr, 10yr, 20yr, 30yr from 3/20/2019 to 3/29/2019. Mortgage application and refinancing volume was in reference to the Mortgage Bankers Association’s weekly survey by Adam DeSanctis. The statistic regarding the 30yr fixed-rate mortgage and the statement about other mortgage rates having fallen was in reference to the same survey. This type of mortgage activity being stimulative to the US consumer and providing an added benefit to homeowners or buyers was a statement of opinion. This is not a recommendation to refinance or purchase a home.