It was a good week for investors. The S&P 500 Index hit an all-time high. The Fed indicated that they might cut interest rates sometime soon, and the President is once again optimistic about a China trade agreement. That’s a heady cocktail that could see markets gain another 3-5% over the next few weeks.
Insights & Advice
Bill Schmick
Why FHA loans are so popular
Federal Housing Authority Loans have long been one of the most popular types of mortgage loans available. Roughly 20% of all mortgage applicants will choose an FHA loan because it makes total economic sense to do so. And the older you are, the more important having an FHA approved dwelling becomes.
Markets expect Fed to cut rates
Investors can credit the Fed once again for the market’s revival thus far in June. The buying is fueled by expectations of three rate cuts by no later than December. Is that wishful thinking?
The Suburban Dilemma
Over the last decade, the percentage of Baby Boomers, those aged 65 to 74, living in the suburbs increased by almost 50%. Over the next 20 years, that age group will double in size, and by 2040, 1 in every 5 Americans will be age 85 or older. The majority of them will continue to live in the suburbs.