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The multigenerational household was a fairly common occurrence until the 1950s, when it gave up ground to the lure of the suburban development and the rise of the nuclear family. Times have changed, and with them a greater appreciation for multigenerational living. Read More
Whether you live in a drought-prone area, want to reduce your utility bills, or wish to simply lower your environmental footprint this summer, there are many small adjustments you and your family can make to reduce your water and energy use. Water You Waiting For? Depending on where you live, you may not have given your water habits much thought. Read More
When you are about to make the largest purchase of your life, you need someone who will not only find you a low rate, but who gets the significance and wants to help you succeed in the most affordable way possible. After all, the terms of your mortgage will impact your household finances for years to come. Read More
There are two major themes in the market today: 1) buy stocks and 2) buy gold and bonds. Typically they don’t happen simultaneously and that should be cause for concern. Read More

Feeds

Housing Permits Soften, Starts Plummet

Posted To: MND NewsWire

All three measures of residential construction activity performed poorly in June , and the two most closely watched numbers, construction permits and housing starts, fell short of their June 2017 numbers. Despite the monthly and year-over-year declines, the U.S. Census Bureau and the Department of Housing and Urban Development report that activity in the first half of 2018 is still ahead of the same period last year. The worst numbers were for privately authorized housing starts. They failed to hold on to their gain in May, dropping 12.3 percent to 1,173,000 units. May's estimate of 1,337,000 units was revised down from the original 1,350,000. The June estimate fell below the June 2017 pace by 4.2 percent. The results didn't come close to meeting expectations. Analysts polled by Econoday had...(read more)

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MBS Day Ahead: Bonds Increasingly Threatened by Momentum Shift; Powell Part 2

Posted To: MBS Commentary

Fed Chair Powell will deliver round 2 of his congressional testimony today, this time at the House FSOC (yesterday was with the Senate Banking Committee). There's no reason to expect today's House session to be any more of a market mover than yesterday's Senate version. In fact, the 2nd day of testimony almost always tends to be ignored relative to the 1st day, though there are a few exceptions. Perhaps more interesting for bonds right now is the fact that momentum is at risk of shifting negatively in the event of any additional weakness. As seen in the following chart, yields have backed up to their middle bollinger band (a technical study with a 21-day moving average as the middle line with outer lines that are 2 standard deviations higher and lower). Breaking above the middle...(read more)

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