the economy
30-year rates hit record lowPosted by RJ and Makay on May 03, 2012 |
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Lenders are offering 30-year mortgage loans at an average of 3.84%, a record low, according to Freddie Mac’s weekly survey. The rate beats last week’s rate of 3.88% and is slightly better than the previous record low of 3.87% in February. The current rates have greatly improved since 2008, when the 30-year averaged more than 6%, and 2009, when the typical rate stayed above 5%.
Strong retail sales in MarchPosted by RJ and Makay on Apr 16, 2012 |
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Retail sales rose 0.8% in March as consumers increased their spending on a wide range of goods and services for the third straight month, the Commerce Department reported today. The retail sales increase easily beat economists’ forecasts of 0.4%. Consumer spending accounts for 70% of the nation’s economy, so experts are likely to revise upward their forecasts for first quarter gross domestic product (GDP).
Advisors to increase use of alternative investmentsPosted by RJ and Makay on Apr 11, 2012 |
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Financial advisors plan to increase usage of alternative investment products and tactical asset allocations, according to a new survey by Curian Capital. The survey report, 2012 Outlook for Advisor Priorities, found that four out of five advisors say their clients desire more conservative investments and almost three-quarters say clients are demanding more guaranteed income features. The majority of advisors say they use alternatives to diversify and stabilize client portfolios.
Lee Iacocca
