+ Nonfarm payrolls rose by 175,000 in February as employers looked past the weather of late. The unemployment rate ticked up to 6.7% percent as an increase in the labor force overshadowed household employment gains. + The ISM manufacturing index…
As the purchase and sale of single tenant NNN space continues its torrid pace into the first quarter of 2014, the financing for such transactions is also at record production levels. The number of 1031 exchanges has been on the…
Federal Reserve Chair Janet Yellen, in the second day of her semi-annual testimony on the economy and monetary policy, repeated the Fed’s pledge to keep the benchmark interest rate low as long as unemployment stays above 6.5% and the outlook…
The Mortgage Banker Association’s biggest annual gathering known as CREF was recently held in Orlando. The conference was fast-paced and well-attended, reflecting the level of liquidity in the market. After myriad meetings with correspondent and other lenders to discuss future…
There is a looming storm of loan maturities on the horizon. The seeds of which were sown ten years ago, when it was easy to get a loan; perhaps too easy. Ever-rising property values combined with low interest rates and…
The 10 year Treasury ended the week closing today at 2.64%. The benchmark for fixed rate loans has dropped approximately 20 basis points in the past week. The drop in yield was prompted by negative international economic news. Turkey’s central…
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