Tidewater Home Funding Blog

The Markets in a Minute - October 28

For the Week Ending October 28, 2016  Although business spending is a bit tepid, the economy continues to show signs of improvement. Growth estimates for the third quarter are as high as 3.3%. The Fed meets next week and on Wednesday will announce if there will be a policy rate increase. Most economists think the Fed will wait until December to hike. If the Fed does make it clear that they plan to raise policy rates in December, markets will likely price that move in immediately, and mortgage rates may rise. Case-Shiller reports that home prices rose 5.3% in August ove...

October 28th, 2016 The Markets in a Minute - October 28

The Markets in a Minute - October 21

For the Week Ending October 21, 2016   Consumer prices rose in September, suggesting an increase in inflation that could keep the Fed on track for raising policy rates in December. September's retail sales numbers offer another sign of an improving economy. Retail sales rose 0.6% in September and have increased 2.9% for the year. The Fed will also look at employment when making a decision to raise policy rates, and this week's jobless claims showed the labor market remains strong. In a sign that the housing recovery continues, a recent index showed home bu...

October 21st, 2016 The Markets in a Minute - October 21

The Markets in a Minute - October 14

For the Week Ending October 14, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets.  Minutes from last month's FOMC meeting showed several members in favor of raising policy rates, making a rate hike before the end of the year more likely. Supporting the Fed's view of an improving economy, jobless claims once again hit a new low this week. Labor market strength could push the Fed to raise rates. The Fed also looks at inflation when deciding if and when to raise policy rates. Inflation has been increasing, also su...

October 14th, 2016 The Markets in a Minute - October 14

The Markets in a Minute - October 7

For the Week Ending October 7, 2016  Please enjoy this quick update on what happened this week in the housing and financial markets.  Recently released data shows U.S. manufacturing is up, with increased orders and production. Signaling economic improvement, this could pressure rates. The labor market shows no signs of slowing down as jobless claims were at a near 43-year low. Strong employment could also contribute to higher rates. Concerns Europe might taper economic stimulus are having global effects. The news pressures bonds both here and overseas, which cou...

October 7th, 2016 The Markets in a Minute - October 7