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The Fed Decision and Jobs

January 29, 2019

Tomorrow the Federal Reserve Board releases their decision on rates after their first meeting of 2019. Based upon comments made by members after their increase in December, there is little possibility of another increase in January and only a slightly greater possibility during their next meeting in March. The comments continually talked about concerns that could slow the economy down and we added another concern in the past several weeks — the government shutdown.

mortgage rate 2019
ID 122499627 © Andrii Yalanskyi | Dreamstime.com

On the plus side we had a very strong jobs report for December. Assuming there is no delay because of the shutdown, we have an early release for January on Friday, the first day of February. Because of the shutdown and the fact that job growth topped 300,000 in December, it is not likely we will see a repeat. However, if we do, the probability of another increase in March rises substantially.

Meanwhile, the shutdown went on for longer than anyone expected. This raises the possibility of a weaker economy during the first quarter of 2019. This week we will also see the first reading on economic growth for the fourth quarter of last year. Predictions are for a lower number than the solid growth of 3.4% reported for the third quarter. Hopefully, growth will not decelerate that rapidly going into 2019.

Source: Origination Pro

Searching for a home loan or business loan for a commercial property in Queens, Brooklyn or NYC NY?  Amerimutual Mortgage  is a local business that is owned and operated by two brothers who are proud to make a difference helping their community in Astoria NY.  By matching home buyers with the right mortgage products for their needs, Benny and Phil Loria provide vital loan lending services to the real estate community of New York City.   Amerimutual Mortgage provides home loans for residential properties and commercial loans for business men and women who might be buying buildings, warehouses or retail store locations.   They also provide loans for real estate investors who may be buying multi-family duplex, triplex, quad, or high-rise apartment building.  Call Benny Loria at (718) 943-9200 to discuss your options for residential or commercial real estate loans, or assessing value and returns on real estate investment property in New York City and surrounding boroughs of Queens NY, Brooklyn NY, Staten Island NY, Bronx NY.  Or, you can even apply for a mortgage online.

Queens NY Mortgage Broker

Benny Loria

Benny Loria, Esq.

Benny Loria, Vice President (NMLS#: 900146)

718-943-9200 Ext. 115

bloria@amerimutualmortgage.com

Amerimutual Mortgage

Local neighborhood mortgage loan experts.  We live and work in Astoria, Queens NY and are dedicated to seeing our community grow and prosper.

AMERIMUTUAL MORTGAGE (NMLS# 148447) Address: 18-33 41st Street, 2nd Floor, Astoria, NY 11105   Tel: (718) 943-9200   Fax: (718) 204 – 0657

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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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