Mortgage News

The Markets in a Minute - September 9

For the Week Ending September 9, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets.  Weak manufacturing reports pushed odds of a September Fed rate hike to a 3-week low. Previously, economists had put the probability of a hike near 55%.  Although a September hike is no longer considered likely, polls say the Fed may act in December. Expect the Fed to monitor economic data to make a decision. The labor market remains strong, with jobless claims decreasing to the lowest level since July. A strong labor market is supp...

September 9th, 2016 The Markets in a Minute - September 9

The Markets in a Minute - September 2

For the Week Ending September 2, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets.  Consumers appear optimistic about the near term economic outlook, personal finance and jobs. Confidence readings rose to the highest level in nearly a year.  This week's jobs report could be a factor in the Fed's decision on when to raise policy rates. The Fed's next meeting to discuss rates is September 20-21. Fed Chair Janet Yellen made comments that the case for a rate increase has strengthened recently. It's pos...

September 2nd, 2016 The Markets in a Minute - September 2

The Markets in a Minute - August 26

For the Week Ending August 26, 2016  Enjoy this quick update on what happened this week in the housing and financial markets.  A number of Fed officials have opined that it's time for the Fed to raise interest rates. Investors are waiting to hear Fed Chair Janet Yellen's opinion Friday. Orders for durable goods rose for the second straight month, signaling increased business spending. Economic improvement like this is supportive of higher rates. The labor market showed further improvement, with a drop in filing for unemployment benefits. A strong labor m...

August 26th, 2016 The Markets in a Minute - August 26

The Markets in a Minute - August 19

For the Week Ending August 19, 2016 Enjoy this quick update on what happened this week in the housing and financial markets.  Minutes released from last month's FOMC meeting show the Fed is divided on the need to raise rates. Ultimately they agreed to monitor economic conditions further. Consumer prices in July were unchanged from June, indicating no inflation. Without inflation, the Fed will typically hesitate in raising policy rates. However, jobless claims fell more than expected this week, reinforcing views of labor market strength that could encourage the Fed ...

August 19th, 2016 The Markets in a Minute - August 19

The Markets In A Minute - August 12

For the Week Ending August 12, 2016  Enjoy this quick update on what happened this week in the housing and financial markets.  The economy grew by 1.2% annually during the second quarter, lower than the 2.6% expected. Consumer spending was responsible for most of the increase. Though the economy is only moderately improving, the labor market continues to show strength. New jobs were up, and layoffs fell to a near 2-year low in June. While an improving economy and strong labor market could lead the Fed to consider raising policy rates, inflation remains benign, h...

August 12th, 2016 The Markets In A Minute - August 12

CEO Kim Curtis Highlighted in CoVaBiz Magazine

Tidewater Home Funding President/CEO Kim S. Curtis was recently highlighted in the August issue of CoVaBiz magazine, in a featuring many of our community's most success female leaders.http://www.covabizmag.com/featured/leading-ladies/

August 11th, 2016 CEO Kim Curtis Highlighted in CoVaBiz Magazine