The fed will drive us into the next recession; are we still in “transit”?

The fed will drive us into the next recession; are we still in “transit”?

    Federal Reserve Chairman Powell recently announced that inflation is transitory. Sound familiar?  Janet Yellen, the prior fed chair,  used this same term 2017 and 2018.  Seems like we are in an extended “transit”.  Why? Are we headed for the next...
GDP Soars to highest level in 16 years, real estate sales falling, why?

GDP Soars to highest level in 16 years, real estate sales falling, why?

GDP numbers came in great far exceeding expectations at 3.2%.  President Trump tweets “we knocked it out of the park”.  At the same time inflation remains low/nonexistent which has enabled mortgage rates to fall over 1%.  Even with all this good news, home sales...
FHA tightens the reigns, Banks pull back should you be worried?

FHA tightens the reigns, Banks pull back should you be worried?

The Federal housing administration over the last several years has been quietly easing the lending standards to increase home ownership.  Montgomery, the director of the FHA, did an abrupt change this month tightening standards “to maintain a better balance of...