president

Three Fed Speakers Expected To Stay On Course Today

February 9, 2007

As the week closes today, three Federal Reserve Presidents are set to deliver speeches. The most well-known of the speakers is Dallas Fed President Richard Fisher.  Fisher is known for speaking candidly and has produced a plethora of sound bites over the years. Also scheduled to speak are Cleveland Fed President Sandra Pianalto and St. […]

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Plosser Tells Philadelphia: Rates May Need To Increase

February 7, 2007

Last week, the Federal Open Market Committee held the Fed Funds Rate at its current level and indicated that the economy is expanding at an acceptable pace.  This morning, however, a Federal Reserve Bank President delivered a public speech to the contrary. In prepared remarks to the local Chamber of Commerce, Philadelphia Federal Reserve Bank […]

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The Irrelevance of The University of Michigan Consumer Sentiment Survey

January 19, 2007

Today’s University of Michigan Consumer Sentiment survey showed that Americans are feeling terrific about the state of the economy.  The index jumped to 98.0 in January from last month’s 91.7 level. On a broader level, this is not an important piece of data for mortgage markets.  The idea is that a more confident consumer will […]

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Markets Closed in Observance of President Ford’s Death

January 2, 2007

In observance of President Ford’s death, the NYSE, NASDAQ and the Federal Reserve Board are closed today. This marks the first time that markets are closed for four consecutive days since the days following the attacks on September 11, 2001. Despite the closures, the Federal Reserve’s regional banks will continue to operate as usual so […]

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Thank you for your Request!

December 2, 2005

Your E-Book should be on it’s way to your email address. Please be sure to check your spam folder as it may very well have gone in there. The title of the email should be “Your Homebuyer Handbook” ENJOY! Steve Heideman President United Mortgage Financial Group

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