The Fed meets this Wednesday and I anticipate rates will bump up slightly given the market conditions. Last week we saw the Dept. of Labor report that hourly earnings are up 0.2%, but year on year for February this takes us to 2.8%. This kind of number may seem small but it actually suggests future inflation–something the Fed is going to want to actively manage. Other Feb. employment data was also positive, including ADP Employment data showing the largest hiring surge last month in over a decade with 298k more private sector jobs.
Geoffrey Davis – Mortgage Loan Consultant
First United Bank & Trust
6401 S. Custer Rd.
McKinney, TX 75070