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2025’s First Big Data and Event

February 4, 2025

The economic new year is now rolling along.  While the markets await the anticipated results of the new Administration’s policies, the economy does not wait for anyone.  Last week was the first big economic event of the year – a meeting of the Federal Reserve’s Open Market Committee.  Most were predicting a pause by the Fed after lowering rates in December for the third time in 2024.

Real estate forecast 2021 economy

After two quick decreases at the end of the year, analysts were predicting the Fed would slow things down in 2024 because inflation was still exceeding their target rates of 2.0%.  The softer inflation news that was released in January did give some hope that we might see the Fed a tad more aggressive than the markets were thinking.  Nevertheless, the Fed did start the year by taking a pause, which means the first rate-cut of 2025 will not come until March, since the Fed does not meet in February.

This week we will see the first big data of 2025.  January’s employment report will be released this Friday.  We ended 2024 with a very strong report, as the economy added over a quarter of a million jobs to end the year.  The economy added over two million jobs in 2024, and this strong job market is a significant factor which has given the Fed confidence to keep interest rates “higher for longer.” Thus, it will be interesting to see if the momentum continued into 2025.  Circling back to the Administration’s policies, the creation of even more jobs is a high priority, which the Fed may see as inflationary.  Too many jobs?  A better problem than the opposite, we would think.

Source: origination Pro

Queens Mortgage Broker

Call (718) 943-9200

AMERIMUTUAL Mortgage located in Astoria, Queens NY is family-owned and operated local business that is proud to make a difference by matching home buyers with the right mortgage products for their needs.

As a respected leader in the NYC, New York lending business, AMERIMUTUAL has been successful in revolutionizing the industry one mortgage at a time. Our company values are grounded in the principles of honesty and fair dealing.  For you, this means responsible lending with reasonable fees and you can enjoy a worry-free lending experience from a local Astoria, NY business you can trust.

AMERIMUTUAL is an Upfront Mortgage Broker that places a premium on transactional transparency. Our valued clients appreciate this advantageous approach and enjoy the benefits of having a mortgage broker that is fully aligned with consumer interests.

Review our A+ Rating and information on file with the Better Business Bureau.

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Testimonials

Eli N

Benny and Phil were great to work with! they assisted us in every aspect of the process even when it wasn’t their job. They explained every step and guided/advised us on the best course of action. Their fees were more than fair and their integrity was at a level far above ANY lawyer or mortgage broker we have ever dealt with.

Joe D.

Philip Loria made the mortgage process quick and easy, and also found ways to save us money. He was always on top of things, very accessible, and his communication is top notch. I will recommend Philip Loria and Amerimutual Mortgage highly to any of my friends, family or colleagues.

Joe D. Long Island, NY
Ninfa Brusca

Philip and Benny Loria were very knowledgeable and professional. They exceeded all our expectations and were a pleasure to work with. They were both were just genuinely nice guys. They listened to all our concerns and did everything in their power to accommodate our needs and make feel comfortable throughout the whole mortgage process. I recommend Amerimutual Mortgage to anyone who is looking for a mortgage.

Ninfa Brusca Tuckahoe, NY
Lenny P., Occupation: Real Estate Development

Richard, I wanted to thank you for all your help and hard work. I am so glad our refinance was a success. You were very diligent and dedicated to getting me the best rate possible. I truly enjoyed working with you and will recommend your services to all our friends and family.

Lenny P., Rye, New York
Nick Tsatsaronis

Philip Loria, assisted me with my refinance. Thank you so much for all of your time and hard work. You made refinancing my house easy and stress free. I wouldn’t recommend anyone else. I will definitely use Amerimutual Mortgage for any future needs, and recommend them to anyone who needs a mortgage.

Nick Tsatsaronis Flushing, NY
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