Debt Use Growing Unevenly

Household debt is one of the many data points I review when looking at the economy. Since the great recession, household debt has decreased steadily over the last 4 years as consumers have paid down debt and as debt has been charged off in foreclosures. Over the last...

Mortgage Rates Rise

Last week, Fed chairman Ben Bernanke’s comments about potentially reducing it’s bond buying program (aka QE3), produced a sell-off in the bond market which subsequently drove mortgage rates about 1/2% higher. It was the largest one-week move since 2008....