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Why Predictions Don’t Work — Revisited

June 9, 2020

This was the title of one of our economic commentaries in January of this year. It is a message we deliver every year. Now that we have traveled almost one-half the way through the year, we thought we would like to bring this message back, because this year it applies more than ever. Here is a bit more verbiage from that commentary:

…As there is every year, there is an event that reminds us that predicting the future is impossible. We point out every year that the best of predictions can go awry quickly in the face of unforeseen events. And even when there are no events, we can’t predict market turns. Right now we still have low interest rates and an economy that continues to grow. At the end of January we will get the first reading of economic growth for the last quarter of 2019. That should give us a clearer picture which will help our assessment of how strong the economy really is — again, unless something else happens.

Obviously, something else happened. No one predicted just five months ago that we would be losing over 20 million jobs in just one month. And few predicted a gain of 2.5 million jobs the month after. This year’s unforeseen event has been absolutely a game changer and months into the crisis, we can’t predict how long the economy will falter and what the recovery will look like. If we knew when an effective vaccine or an effective drug was coming, that would help. For now, we look at the unemployment rate of 13.3% and hope that this is the start of the recovery as the country starts to open up. We further hope that this opening does not exasperate the crisis as we get closer to a medical solution.

Source: Origination Pro

Astoria-Queens-Mortgage-broker-Amerimutual

This is an opportune time to refinance a mortgage. Call Benny Loria now at Amerimutual Mortage in Astoria, Queens NY for some frank, friendly advice.

718-943-9200

Queens NY Mortgage Broker
Benny Loria
Queens Mortgage Broker

We are your local neighborhood mortgage loan experts.  We live and work in Astoria, Queens NY and surrounding neighborhoods 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   

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Testimonials

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.

Tuckahoe, NY

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.

Long Island, NY

Lenny P.

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.

Rye, New York
Occupation: Real Estate Development

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.

Flushing, NY

Vincent M.

I can’t express enough my gratitude to Richard Jamesley for walking me through the whole refinance process and keeping me informed every step of the way. Richard explained every step in detail, was very communicative, diligent, and prompt. We would definitely recommend you to our friends & anyone needing a mortgage.

Whitestone, NY
Occupation – Contractor

Dominick P.

Being a first time home buyer, the process was very foreign to me. Richard Jamesley could not have been more helpful and patient along the way. He explained every step in detail, was professional, straight to the point, and helped me with all aspects of buying my home. He was always there to answer any of my questions. Not only did he make the process quite easy , he helped to get me a great interest rate. I recommend Richard Jamesley without reservation. Amerimutual Mortgage will be my first and only call if I buy another house.

Bayville, Long Island, NY

Salvatore L.

Philip, I would like to thank you for carefully walking me through the loan process and calming my fears and uncertainties. Philip was very professional and his expert advice was critical to my success. You went above and beyond and kept me well informed. I highly recommend you and your company to everyone seeking financing for their property.

Beechhurst, NY
Occupation – Real Estate Manager

Rocco Buffolino

As a first time home buyer it was nice to have people as helpful as Philip Loria and Benny Loria. Our experience was wonderful. Philip was very knowledgeable, professional, and demonstrated an expertise which put us at ease during the purchase of our home. He took the time to answer all our questions and we feel he went above and beyond for us. I highly recommend Amerimutual Mortgage.

Westbury, New York

Carol Gudura

Richard Jamesley was a pleasure to work with. He is very smart, helpful and just willing to help in any way he could. Richard helped walk me through each step of the process and kept me well informed. He is a true asset to you company.

Malba, NY

George Poulakis

My refinance experience with Amerimutual Mortgage and their affiliates was above expectations.  Amerimutual Mortgage knows what they are doing and provides excellent customer service. Thank you all so much for all of your time and hard work.

College Point, New York
Occupation – Electrician

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.

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