Archives

It’s amazing how quickly fear of inflation can be replaced by fear of recession.
In a surprise move, the FOMC lowered the Federal Funds Rate by .75%. That this happened before the FOMC’s regularly scheduled end-of-January meeting, combined with the size of the cut and the willingness to aggressively cut further, indicates how precarious the Fed [...]

All mortgage approvals are loosely based on what I call the Income-Equity-Credit Triangle. The stronger the elements of the triangle, the more likely a person will qualify for a conforming (or "prime") mortgage. The triangle's three corners are defined as...