How does a team go undefeated in the World Cup and not win the whole thing? Easy, not qualify. For those US soccer fans there is reason to celebrate today. On this day in 1950 the US men’s soccer team beat England in a major upset. Mortgage rates traded sideways last week. US Stocks […]
On this day in 2006 the Oregon State Beavers baseball team lost its opening game in the College World Series. They would come back to win five of its next six games to claim the national championship. We’ll see if the 2018 team can follow the same pattern! Mortgage rates improved modestly last week. […]
Video Transcript: The Federal Open Market Committee led by current Chairperson, Jay Powell, is scheduled to meet this week as they do every six weeks. What makes this week unique is the Fed is expected to hike short-term interest rates by one quarter of one percent (.25%). The Fed controls an interest rate called the […]
On this day in 1986 one of the greatest movies of all time was released. Does anyone know which movie? Anyone? Anyone? (see movie reference HERE). Last week US stocks rallied and home loan rates moved which direction? Anyone? Anyone? They increased modestly. The Week Ahead The calendar is full of significant events this week. […]
On this day in 1896 the chief engineer of Edison Illuminating Company first test drove the “Quadricycle” he had developed. That engineer’s name was Henry Ford and the “quadricycle” would eventually be commonly known as a car. The next stage of automobile evolution is expected to be the driverless car. CLICK HERE to learn […]
Have you seen the $170 paperclip from Prada (seriously-see HERE)? I wonder how many will sell today given that it is National Paperclip Day. I will be “celebrating” with a more modest version. Italian political woes US mortgage rates are benefitting from political turmoil in Italy. Over the weekend the Italian President blocked the formation […]
Although it is illegal to sell a body part in the United States thousands of people do it every day. On this day in 1881 the American Red Cross was founded. Since then people have been selling pints of blood for a cup of juice and a cookie nearly every day. Mortgage Rates […]
They say that weddings are getting more and more expensive. In fact, the average cost of one surpassed $30,000 in 2017. That is enough to put 5% down and pay closing costs for a median priced home in Portland, OR.. As I type there are four days, six hours, and 27 minutes until the […]
President Woodrow Wilson proclaimed the first Mother’s Day holiday this week in 1914. For the past 104 years we have celebrated those special women in our society who desperately need a break yet do not want to miss a single minute. Thank you moms! Mortgage Rates Interest rates improved modestly last week but not […]
Monday mornings don’t seem like the ideal day for a bloody mary but I would be lying if I said the thought hadn’t crossed my mind. Speaking of “Bloody Mary Mornings” today is Willie Nelson’s 85th birthday. HERE IS A LINK to his famous song. In an upward trending rate environment it feels like a […]