refinance my mortgage Archives - Mortgage and Refinance Broker, Queens NY

Between a Rock and a Hard Place

It is no fun being a member of the Federal Reserve right now. The economy continues to grow in spite of higher interest rates and inflation has calmed down. But inflation is still being a bit stubborn and it is taking a longer time to reach the Fed’s stated goal of 2.0% inflation rate. Here […]

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, […]

The Elusive Goldilocks

February 13, 2024 We have seen so many words describing our economic climate during the past few years. Words/phrases such as soft-landing, stagflation, sticky inflation, recession, qualitative tightening and more. There are so many that it is hard to keep up with the nomenclature. This week, we would like to bring one more to 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 […]

Does It Feel Like a Recession?

May 16, 2023 Fannie Mae’s economists say a recession is coming. So does the Mortgage Bankers Association. As a matter of fact, 58% of economists are predicting a recession coming in the near future. Some even are predicting that the recession has started in the second quarter, but most are now expecting the start to […]

More Food For The Fed

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March 7, 2023 Two weeks from now the Federal Reserve will be meeting again. Meanwhile the members of the Open Market Committee have been on a feeding frenzy. While mere mortals like us feed on regular food such as meat, carbs and dairy, the Fed feeds on data. And they have had plenty of data […]

Due For Another Surprise?

economic forecast real estate Queens NY 2023

February 28, 2023 There is no doubt that the jobs report was a major shocker at the beginning of this month. We actually thought that we were about to slip into recession, but there is no evidence that the job market is slipping at all. Here is a basic concept—you can’t have a recession when […]

Triple Play

January 31. 2023 This week gives us a plethora of data which could help determine how 2023 is shaping up to be. We started out Thursday with the first measure of growth for the last quarter of 2022, which gives us an idea of how we closed out the year. The GDP came in at a […]

It is 2023!

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January 3. 2022 There are so many questions at the beginning of every year. For one, how long will it take for us to stop writing or typing 2022? Secondly, from that famous Seinfeld episode—for how long will we wish everyone a Happy New Year? Do we stop January 31st or later? Here is another […]

Happy New Year!

December 27. 2022 Well, here we are. Another year has gone by, and we are wondering where it went. Don’t look now, but it is behind you. The year was a year of ups and downs. Interest rates were up. Refinances and home buying were down. Home prices were way higher, then down a bit. […]