All Posts Tagged: mortgage

U.S. Outlook: Trimming our GDP forecast

Scott Anderson
Chief Economist

Granted, there isn’t a lot of hard first-quarter economic data to hang our hat on at this point. With the U.S. government shutdown entering day 28, more and more important U.S. economic indicator releases are being National monuments and museums in Washington DC were closed during the U.S. governemnt shutdown in 2013.delayed by the shutdown.

Only the Bureau of Labor Statistics and the Federal Reserve are still releasing data. The Bureau of Economic Analysis, Census Bureau, and Commerce Department have all halted their releases due to the government closure.

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 18.

Key observations:
  • We’ve cut our Q1 U.S. GDP forecast by 0.4 percentage points to 1.7, to reflect lost economic activity due to the prolonged government shutdown, as well as lost consumer spending resulting from the negative wealth effects from the Q4 stock market selloff.
  • We are penciling in a 0.3 percentage point hit to GDP from the government shutdown alone.
  • The measurable drop in household wealth will crimp consumer spending, especially for high-income households that are exposed to the stock market volatility.

Read my full report.

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7 tips on making your home greener

Victor Polich
Mortgage Banking
Side view of contemporary wood-sided home with solar panel awning.

Going green is getting more affordable, giving homeowners the opportunity to make changes in their homes that can make a positive impact on the environment.

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One millennial’s insights on buying a home

Victor Polich
Mortgage Banking
Maribel Rosas and family, wearing A

As I look back on my experience, there are a few things I wish I had known prior to going through the process.

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U.S. Outlook: How slow can the housing market go?

Scott Anderson
Chief Economist
Housing being built on a small hill, with wooden scaffolding surrounding much of it. Lovely sunrise is shining above the horizon.

Much of the recently released U.S. housing market data has been on the weaker side.

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My offer was accepted! Now what?

Victor Polich
Mortgage Banking
Young man celebrating good news that he

Let’s take a look at typical elements of the post-offer approval process so that you can get an idea of things that happen before you close on a home.

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