After adjusting numerical data from the past for the impact of inflation, the median household income in 2018 ($63,179) is the highest ever recorded in the USA and the 3rd consecutive year (2016-2018) that produced an all-time inflation-adjusted record. Before 2016, the peak for median household income was $61,526 set in 1999 (source: Federal Reserve […]
40% of 226 economists surveyed in July 2019 believe the United States will fall into a recession by the end of 2020, while the remaining 60% believe our nation’s next recession will begin in 2021 or later (source: National Association for Business Economics). *The views, articles, postings and other information listed on this website are […]
The average interest rate nationwide on a 30-year fixed rate mortgage has dropped from 4.51% on 1/03/19 to 3.58% on Thursday 8/29/19 (source: FreddieMac). *The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.
Between 6/30/18 and 6/30/19, average home prices increased in all 50 US states. Idaho’s +11.4% average home price gain led the nation over the last year while Delaware’s +1.2% growth rate was the nation’s smallest (source: Federal Housing Finance Agency). *The views, articles, postings and other information listed on this website are personal and do […]
The last recession in the United States began in December 2007 and lasted 18 months. The nation’s unemployment rate in December 2007 was 5.0%, on its way to a peak jobless rate of 10.0% by October 2009. The unemployment rate nationwide in July 2019 was 3.7% (source: Department of Labor). *The views, articles, postings and […]
A 65-year old spending $100,000 per year (after-tax) would need $128,008 per year (after-tax) by age 75 and $163,862 per year (after-tax) by age 85 if his/her cost of living was increasing by +2.5% per year due to inflation. *The views, articles, postings and other information listed on this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.
Stocks gained +6.9% (total return) during the 3 summers months (June-July-August) while bonds gained +4.1% (total return). The S&P 500 was used for the stock calculation, while the Bloomberg Barclays Aggregate bond index, calculated using 6,000 publicly traded government and corporate bonds with an average maturity of 5 years, was used as the bond measurement (source: Bloomberg). *The views, articles, postings and other information listed on this website are personal and do not necessarily […]
Today is the 8-year anniversary since the USA was downgraded on 8/05/11 by S&P from a top credit rating. Since 8/05/11, the yield on the US 10-year Treasury note has fallen from 2.57% to 1.85% and the S&P 500 has gained +189% (total return), equal to +14.2% per year. The S&P 500 consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index […]
08-09-2019 ASCENDING AFFORDABILITY Housing affordability has reached an 18-month high. Commenting on the release of the latest Mortgage Monitor Report, Black Knight Financial Services Data & Analytics President Ben Graboske said, “The decline in 30-year rates has been equivalent to a 15% increase in buying power, meaning that prospective homebuyers shopping for the average-priced home […]
08-02-2019 DECREASED INCREASES There’s been a dip in home price gains. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 3.4% annual gain in May, down from 3.5% in the previous month. S&P Dow Jones Indices’ Philip Murphy said, “Nationally, year-over-year home price gains were lower […]
