Economy

For many of us, the past year has brought about a slew of unexpected changes. The pandemic didn’t slow rising home prices or increase the amount of available inventory in major metro areas, but what it did do was dispel the idea that all office workers must be tethered to a physical location. With remote work becoming more and more normalized, many Americans are wondering why they’re paying...

The 10-year yield is used as a proxy for mortgage rates. It's also seen as a sign of investor sentiment about the economy. Treasury bond yields (or rates) are tracked by investors for many reasons. The yields are paid by the U.S. government as interest for borrowing money via selling the bond. But what does this mean and how do you find yield information? Treasury Bills are loans to the federal...

The Federal Reserve has taken a fresh look at what the coronavirus is doing to the economy — and Chairman Jerome Powell and his colleagues have decided they'd better stick with the policies that have pushed mortgage rates to record lows that were once unimaginable. Rates on 30-year mortgages have been sliding below 3% for the first time in history, and the results of the Fed's July meeting virtually...

From the BLS: Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In May, employment rose...