Do you know anyone “starting over?”

After going through a divorce many years ago, I realized there weren’t many tools for those “starting over.” In the midst of an emotionally chaotic time, I found some peace knowing I knew how to handle my finances.

Many people, especially women, aren’t that lucky. I want to change this.

As a result, I am starting a podcast series, for those starting over. Whether it’s a divorce, death of a spouse, bankruptcy or foreclosure, these life changing events are life altering.

I’m super excited about bringing you some great resources- I’ll be interviewing a CPA, Financial Planner, Estate Planning Attorney, Divorce Attorney, Money Manager, Life Coach, Personal Trainer and more. Of course, I’ll be discussing the home buying/loan process as well, for those wanting to purchase a home.

My hope is to inspire and empower those starting over and give them tools to help with finances, fitness, emotional healing, asset protection and more. I’ll also be sharing a bit of my story along the way.

Check out my podcasts here, but make sure to check back often and share with anyone starting over! I’ll be adding interviews on a regular basis!

 Onto the market update…

Why should the Fed be any different than the rest of the United States Government?

 Everyone already knows that Congress could not be more divided. Well…the Fed appears to be divided as well. The latest FOMC Minutes show that many policy makers want the Fed to start unwinding the Fed’s balance sheet that has grown to enormous proportions ever since the great recession. However, there are some policy makers that are steadfast in wanting to hold off until later in the year to begin this process.

The labor market continues to remain red hot with more jobs available than qualified applicants to fill them. The challenge that exists to the Fed is that inflation continues to remain ultra-low and making changes to economic policy could cause unintended consequences of hurting the economy.

Given that there continue to be a number of mixed economic reports, as of late, it seems that many analysts are shying away from predicting when the Fed will make the next rate hike or begin to unwind the bloated balance sheet.

Mortgage Bankers Association Loan Application Weekly Data

Purchase applications finally turned higher for the week ending June 30th. According to the MBA applications for purchase loans rose 3.0 percent from the prior week. This reverses the previous decline of 4.0 percent from the week before. Refinance applications were virtually unchanged. Purchase applications remain 6.0 percent higher than the same time last year.

Manufacturing

ISM’s manufacturing index indicates the fire in the sector has returned. The latest report for June is at a level of 57.8. This is higher than experts were predicting and shows that demand for production is strong. This is the strongest report since August of 2014.

Non-Manufacturing

ISM’s non-manufacturing index, which reports on services, construction, mining, forestry, fishing, and hunting, also showed a strong gain in June. The index jumped from 56.9 to 57.4 and demonstrates that these areas of the economy continue to maintain solid growth as well with no signs of slowing.

Next week’s potential market moving reports are:

 

  • Monday July 10th – Labor Market Conditions Index
  • Tuesday July 11th – JOLTS Report
  • Wednesday July 12th – MBA Mortgage Applications
  • Thursday July 13th – First Time Jobless Claims, Producer Price Index
  • Friday July 14th – Consumer Price Index, Retail Sales, Industrial Production

As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can.  Please feel free to reach me at 661-618-1789.