Mortgage Rate

February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%.  It remained at that record low level until December 2015 .Right after the election in November 2016 mortgage rates...

Debt Outstanding

January 25, 2020 The Congressional Budget Office recently reported that the  budget deficit for the current fiscal year is likely to be $1.0 trillion.   A deficit of that magnitude will push debt held by the public to 80.7% of GDP.  For the first seven years of the...

Budget Deficit

January 25, 2020 The Congressional Budget Office reported that the budget deficit for fiscal year 2019 came in at $984 billion.  For the current fiscal year (FY 2020)  the budget deficit is projected to be $1.0 trillion.  It will remain above the $1.0 trillion level...