One thing you are sure you will do for the rest of your life: Pull the door that says push.
If you think the grass is greener on the other side of the fence, you should probably water your lawn.
An onion can make people cry, but there’s never been a vegetable that can make people laugh.
My idea of multi- tasking is using a knife and fork at the same time.
“Always pass on what you have learned.” Yoda
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Now The Market Update . . .
Tax reform is moving forward. Lawmakers are currently reconciling the Senate and House versions. The GOP is trying to get it done before 2018.
The Fed raised policy rates at this week’s meeting, as expected. The rate increase actually helps to keep mortgage rates low for the near term.
The Fed is expected to raise rates 3 times in 2018, based on current forecasts. The policy rate increases could pressure mortgage rates higher for next year.
Homebuilders that focus on entry-level housing are expected to flourish in 2018. A growing economy, solid job market, and low mortgage rates are driving demand.
In its 2018 forecast, Realtor.com predicts home prices will go up 3.2% and sales will increase 2.5%. Inventory is also expected to rise.
Mortgage rates remain low, and mortgage applications remain high. New purchase apps were 10% higher than a year ago this time.
Sister: “What are you giving Mom and Dad for Christmas?”
Brother: “A list of everything I want!”
This week’s potential market moving reports are:
Monday, December 18th: Housing Market Index
Tuesday, December 19th: Housing Starts
Wednesday, December 20th: MBA Mortgage Applications, Existing Home Sales
Thursday, December 21st: First Time Jobless Claims. FHFA House Price Index
Friday, December 22nd: New Home Sales, Durable Goods Orders
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