George Saunders, Author at Mortgage and Refinance Broker, Queens NY

The Employment Situation and Yellen

The Chairperson of the Board of Governors of the Federal Reserve System, Janet Yellen, recently caused quite a debate in the markets with a recent speech indicating that she believed the case for an increase in the federal funds rate has strengthened in recent months. The debate not only centered around whether a rate increase was justified based upon […]

The Election Rhetoric Heats Up

As one would expect, as the date of the presidential election draws near, the words are heating up from both sides. And while we don’t take sides with regard to these words, we must point out that these heated exchanges can affect the performance of the markets. Certainly, strong statements can affect consumer behavior. For […]

Economic Commentary 08-16-2016

The Dogless Days of August The dog days of August are a time when everything slows down. People are on vacation and those who stay home are moving slowly because it is so hot. But not this year. This August, there seems to be no letup in the markets and the news. Do you want […]

Economic Report – 8/11/15

This month economists have focused on international concerns and their effect on our economy. Most importantly; the default crisis in Greece, China’s stock market fall back, and nuclear discussions with Iran. The federal reserve must keep a close eye on what is going on around the world before they make a decision to increase interest […]

Economic Report – 7/11/15

Economic statistics indicate the economy is producing over two millions jobs per year. The continuing rise in these statistics raises the question as to when the Federal Reserve will increase interest rates. The Federal Reserve directly controls short term rates but only indirectly affects long-term rates through their actions. It is possible that the Fed […]

Economic Report – 6/11/15

As the economy continues to do better, Chairwoman Janet Yellen spoke this month and indicated that the Fed will definitely be increasing interest rates this year. She did not give an exact time, but it is more likely to happen in September than in June. February and March’s subpar employment creation numbers were likely attributable […]

Economic Report

Economic Report -5/11/15 There were many economic reports released the last few weeks. These reports are crucial to analyze as they can impact the Federal Reserve Board’s decision to raise interest rates. First quarter earnings and forecasts for the following quarter were made by corporate companies. Additionally, personal income and spending numbers and the preliminary […]

How the Employment Report Affects Mortgage Rates

Employment Report The monthly employment report is very important. The creation of new jobs tells us how the economy is currently performing and how it will be performing in the upcoming future. When a significant number of jobs are created, people spend more money, which In turn creates more jobs. March’s employment report was even […]