Tag Archives: economy

Another Sign of Recovery?

When Fannie is happy, everybody’s happy. Fannie Mae reported $5.1 billion profits for the second quarter of 2012. That’s up quite a bit from the Q1 $2.7 billion reported profit. But let’s not be too fast to celebrate. Though the news is certainly good, it is questionable whether it really is a sign of recovery. […]

The Beige Book is out! You’re excited right?

What’s that you say…what’s the Beige Book? Why should you get excited about the dullest color on the planet?  It’s economics, baby! The stuff that affects you every day. The Beige Book is the hip name for the Federal Reserve’s Summary of Commentary on Current Economic Conditions. It’s actually published eight times a year, just […]

What Influences Mortgage Rates

The financial world is all-abuzz with how low mortgage rates are, but do you know what causes rates to be low? Is it: A. The supply of available homes vs. the number of buyers B. The Fed’s strategy C. Economic uncertainty in Europe D. Both A and B E. Both B and C Any of […]