Queens NY Mortgage News Archives - Page 2 of 25 - Mortgage and Refinance Broker, Queens NY

Music To Our Ears?

May 21, 2024 It is hard to admit that we are rooting for poorer economic conditions. Less job growth, lower consumer confidence, slower service sector growth, tepid retail sales and more. But if you are a fan of lower interest rates, that is exactly what we need to see in order to bring inflation down […]

More Jobs Than People?

Astoria Queens Home Loan mortgage broker

Every month for the past three years we have been singing the same refrain – the job market is hot. Except there is a limit to the number of jobs that can be created. And not every person qualifies for every job. For example, if there are many job openings for doctors, it is not […]

Fed: Nothing Doing

There is so much anticipation with every meeting of the Federal Reserve’s Open Market Committee, which meets around eight times per year. The analysts are over the top with predictions of actions and then they obsess on every word of their post meeting announcements. And a few weeks later, when the minutes of the meeting […]

This Year We Leap

February 27, 2024 This year is a leap year. The one year in four that we have an extra day added to the calendar. Well, not exactly one in four, because when it comes to the earth orbiting the sun, it is not exactly an even number. It takes the earth 365 days 5 hours, […]

Let the Guessing Games Begin

July 18, 2023 For two years from the inception of the pandemic, the Federal Reserve kept short-term interest rates close to zero. Then as the pandemic waned and the economy bounced back, the Fed went on an inflation fighting campaign and they raised rates at ten straight meetings over a 15-month period. At the last […]

To The Fed It Is Not a Pause

June 13, 2023 When a kitten or puppy waves their paws at us, it is considered major cuteness in action. When the Federal Reserve Board is faced with a decision regarding the “pausing” of interest rate hikes, there is no cuteness involved – just a bunch of hemming and hawing (not pawing). So, the Fed […]

Here Comes The Fed

June 13, 2023 Fifteen months ago, the Federal Reserve Board’s Open Market Committee met and raised short-term interest rates for the first time in almost four years. Since then, there has been an automatic rise in short-term rates each time they have met – ten times in all. In a previous commentary we spoke about […]

Seasonality, Debt and Banks

May 30, 2023 Why did we put these three words together? First, we just celebrated Memorial Day. Though summer does not start officially for a few weeks, Memorial Day is the unofficial start of the summer season. It is the time that school starts to let out and the masses plan their vacations. In the […]

The Tide is Turning

May 23, 2023 For a year we have had to deal with rising interest rates and lower home affordability. Much of this was expected after record-low interest rates helped fuel a real estate purchasing frenzy which resulted in prices increasing by double digits for the past few years. Fast forward to today, and home prices […]

The Tide is Turning

May 23, 2023 For a year we have had to deal with rising interest rates and lower home affordability. Much of this was expected after record-low interest rates helped fuel a real estate purchasing frenzy which resulted in prices increasing by double digits for the past few years. Fast forward to today, and home prices […]