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2020 Times Square New Year Economic Calendar New York City United States China Trade War

2020 Week 4 U.S. Economic Calendar

By Econ News, Economic Calendar

Week 4 of the 2020 U.S. Economic Calendar is shortened as markets observe Martin Luther King Jr.’s Birthday on Monday, January 20.

Ahead of the shortened week are updates from the Mortgage Bankers Association, jobless application updates, and manufacturing data from regional Federal Reserve chiefs.

Here are your key updates for the week ahead – January 21-24:

Monday, January 20

  • U.S. Markets closed in observance of MLK Jr. Day

Tuesday, January 21

  • No major economic announcements.

Wednesday, January 22

  • Mortgage Bankers Association to release Mortgage Purchase Applications Index
  • Chicago Fed National Activity Index
  • FHFA House Price Index
  • National Association of Realtors (NAR) Existing Home Sales report

Thursday, January 23

  • Weekly unemployment update — higher expected claims at 216,000 up from 214,000 to reflect seasonality
  • Kansas City Fed Reserve update on manufacturing data

Friday, January 24

  • State employment/unemployment data for the month of December

Grandma’s Banana Muffins

By Favorite Recipes

Today is National Banana Bread Day, and we’d like to share with you a recipe for banana muffins that are great for breakfast or desert!

Quantity: 18 muffins | Prep time: 12 minutes | Cook time: 60-70 minutes

Ingredients:

  • 2 cups sifted enriched flour
  • 1 teaspoon baking soda
  • 1 teaspoon salt
  • 1/2 cup shortening
  • 1 cup sugar
  • 2 eggs
  • 1 cup mashed ripe banana (2-3 bananas)
  • 1 tablespoon vinegar plus milk to make 1/2 cup liquid

 

Directions:

  1. Set oven to 350 degrees.
  2. Sift together flour, soda, and salt.
  3. Cream shortening, blend in sugar, add eggs one at a time.
  4. Beat until fluffy.
  5. Add flour mixture alternately with bananas and liquid, beating well after each addition.
  6. Add muffin liners to pan.
  7. Pour mix into muffin pan.
  8. Bake for 60 to 70 minutes or until done.
  9. Remove from pan and cool several hours or overnight before eating.

 

 

Move with your money Paramount Bank Grow your money High Interest Checking

Moving With Your Money

By Financial Tips, Good Reads, Mortgage Tips

Moving to a new state can bring challenges with your money.

Costs associated with moving for job purposes are often covered by the new company. Yet major questions — are you looking to rent or buy a home — linger over a big move.

Let’s talk about moving trends, and how Paramount Bank can help you move with your money no matter where you go.

Moving Your Money West or South

Americans are continuing to move West and Southeast, according to United Van Rentals annual moving survey.

The most common reasons for moving are job-related or retirement. Idaho, Oregon, and Arizona were the Top 3 states to see the biggest influx of new residents. Florida and both Carolina’s joined the Top 10 list.

Meanwhile, New Jersey, New York and Connecticut were in the Top 10 states to have the most residents leave.

In the report, United quoted Michael Stoll an economist and professor at the University of California, Los Angeles.

“United Van Lines’ study encompasses data consistent with the broader migration trends to western and southern regions that we’ve been seeing for several years now,” Stoll said.

Take Your Money With You

Paramount Bank is uniquely positioned to help you move with your money.

The platform we provide our customers allows you to take advantage of mobile banking and digital commerce solutions with FDIC protection.

As a digital-forward bank, Paramount can enable you to earn more money while you move with products like our High-Interest Checking product (1.75% APY as of this publication).

You can also move more money with our home loan products. Our competitive rates and expert loan team focus on your financial needs.

If you are facing a big move, and want to know how you can protect your money (or even watch it grow), give Paramount Bank a call or click one of the product links above.

2020 Times Square New Year Economic Calendar New York City United States China Trade War

2020 Week 3 U.S. Economic Calendar

By Econ News, Economic Calendar

Week 3 of the 2020 U.S. Economic Calendar marks the first week of corporate earnings announcements and some Federal Reserve news.

Middle East tensions continue to stay high while China and the United States are expected to sign a “Phase One” trade agreement on Wednesday.

As we look ahead, here are the key U.S. economic reports for the week of January 13 to January 17.

Monday, January 13

  • No major announcements

Tuesday, January 14

  • Small Business Optimism Index reporting for December
  • Consumer Price Index for December — expected 0.2% increase

Wednesday, January 15

  • Mortgage Bankers Association to release Mortgage Purchase Applications Index
  • Producer Price Index for December
  • New York Fed Empire State manufacturing report
  • Fed Beige Book — various Fed Reserve regional leaders report on local outlooks

Thursday, January 16

  • Weekly unemployment update — higher expected claims at 216,000 up from 214,000 to reflect seasonality
  • U.S. Retail sales report – consensus expects 0.3% increase in large part to holiday shopping
  • Philadelphia Federal Reserve manufacturing survey
  • National Association of Home Builders survey — score of 74 expected which is lower than last score of 76. Score greater than 50 is viewed as strong sales environment among builders

Friday, January 17

  • Federal Reserve report on Industrial Production and Capacity Utilization for December 2019 — both capacity and production are expected to decrease
  • University of Michigan will release a Consumer sentiment index
  • Labor Turnover and Job Openings report from the Bureau of Labor Statistics
Home Equity Real Estate Credit Card Debt Paramount Bank Seller Market Zillow Research Experian Credit Scores American Debt

Credit Card Debt and Your Home Equity

By Econ News, Financial Tips, Mortgage Tips

American consumers are accruing more credit card debt each year, according to credit reporting agency Experian.

Homeowners are in a unique position, particularly if home equity value far exceeds credit card debt.

Let’s break down credit card debt rates today and how Paramount Bank can help you leverage home equity.

Credit Card Debt Across America

Experian’s data suggests the average credit card debt across Americans ranges between $5,000 and $7,500 per consumer.

Midwest buyers are averaging lower debt limits than borrowers on the East Coast. At the same time, fewer borrowers are behind on payments.

In addition to lower delinquency rates, credit scores are averaging higher each year than at the point of the 2009 U.S. financial recovery.

Banks are seeing the trend in good consumer behavior and reward borrowers with higher credit limits. The average credit limit for borrowers with a credit score of 800 or above is over $13,o00 per card. Borrowers between 670-739 credit scores, or right in the median, are receiving an average of $7,478 limit per card.

Homeowners Home Equity Value

November 2019 yielded continued growth for U.S. Homeowners.

Zillow published an estimate of 3.8% home value increase year-over-year from November 2018 to 2019 – suggesting stabilization but re-acceleration in quarterly growth.

The average home value is over $243,000 per home. Combined with the continued growth and lower inventory, there is plenty of incentive for current homeowners to tap into home equity.

Home Equity Loans to Tackle Credit Card Debt

Homeowners who are trying to move in the next few years are in a good position to use higher credit card limits with their home equity.

For example, John Homeowner is interested in putting his home on the market. His goal is to have a listing by the end of 2020 and a buyer early next year.

John researches his neighborhood to see homes being sold with newly renovated bathrooms and kitchens. While the kitchen is in good shape, the bathroom leaves a lot to be desired.

Savvy home owners like John can use their credit cards to responsibly purchase and undertake home improvement projects. Once complete, John could take out a new home equity loan to pay off the credit card debt and lower his monthly mortgage payment.

Tapping into home equity for improvement projects are just one of the many ways a borrower can take advantage of their real estate value.

For more home ownership solutions, check out Paramount Bank’s refinance products. If you’re ready to start taking advantage of your home equity, call us today.

Cut Your Energy Costs

By Financial Tips, Good Reads

For this year’s National Cut Your Energy Costs Day, we are going to give you some tips on how to do just that.

 

1. Who touched the thermostat?

Ah, the classic dad phrase. Your dad was onto something though… Keep your thermostat a few degrees higher in the summer and few degrees colder in the winter to save on your heating/electric bill. Remember to turn off your AC/heating when you leave for a vacation as well! You’ll be surprised how much money you could save.

 

2. Save some water for the fishes.

Remember to turn off the water when you aren’t using it when washing your hands or brushing your teeth! Even if you pay a flat rate for your water like St. Louis City, saving water doesn’t hurt.

 

3. Unplugged.

If you aren’t using an appliance, charger, guitar amplifier, etc., unplug it. Some things draw power even when they are “off.”

 

4. Lights out.

This is a no-brainer, but needs to be said: turn off lights when you aren’t using them! If you are the only one in the house, odds are you only need one room lit up, not the entire floor. Save some money on that electric bill.

 

5. Procrastinate on laundry.

Okay, don’t wear your clothes until they smell, but hear us out. Wait just a little while longer to do your laundry to save money on washer/dryer energy usage. As long as your wardrobe is big enough to last you a week or so, this will be easy. However, if your co-worker in the cubicle over notices your new chore frequency change, you’re doing it wrong!

 

6. Give your dryer a break.

When you do your laundry, consider letting your clothes dry on a rack as opposed to using your dryer if possible. You should do this with dress clothes and delicates anyway!

 

7. Chill with a cold shower.

Forgo the hot shower in the morning with a cold one. Hot water costs money, and we even heard that cold showers might be good for you too!

 

8. Grill outside more.

Stoves and ovens draw a lot of power as well! In addition, in the summertime, they make your AC run harder because of all the heat generated from cooking appliances and your burnt hot dogs! Let’s be honest, cooking outside is more fun anyway.

 

U.S. Navy Deployed Sailors Close Loans Paramount Bank VA IRRRL Families Military Title Company JAG San Diego Scottsdale Arizona California

Deployed Sailors Close VA IRRRL with Paramount Bank

By Good Reads, Paramount in the Community

Patton Gade, Vice President of Mortgage Lending, helped two U.S. Navy sailors close home loans with Paramount Bank while they were deployed on a naval carrier.

Both sailors left San Diego Naval Base before Gade could finalize the loan documents. Gade, a former U.S. Army officer, knew all was not lost.

Deployed sailors closed home loans with Paramount

Gade sent the closing documents to each sailor. Both signed documents in the carrier’s JAG office. JAG is the legal Corps of the United States Navy.

Each document was then sent back to the United States mainland via postal carrier. One loan required a spousal signature while the other was sent straight to a title office.

Both sailors and their families were able to finalize their VA IRRRL – Interest Rate Reduction Refinance Loan – despite being actively deployed.

Paramount Bank cares for deployed service members

If you’ve ever been deployed, you know how difficult it can be to schedule life’s big adventures. Whether it’s closing a home loan or witnessing the birth of a newborn, dedication to serve our country can sometimes overlap with precious personal moments.

Paramount Bank cares for our military families. Our team know the nature of deployment. Gade as well as President of Mortgage, and former U.S. Army Captain, Todd Jones are just two of the several veterans driving Paramount Bank’s mission.

We take active measures to be a home loan lender that truly cares about our military. Gade would not let deployment get in the way of helping these sailors save on their home loan.

Whether purchasing or refinancing using VA home loan benefits, Paramount Bank cares about making home ownership dreams come true.

Hats off to Patton and his dedication to our military families, and a big thank you to all of our service members, veterans, and their families!

2020 Times Square New Year Economic Calendar New York City United States China Trade War

2020 Week 2 U.S. Economic Calendar

By Econ News, Economic Calendar

Week 2 of the 2020 U.S. Economic Calendar is volatile.

Middle East tensions caused market fluctuations with investors flocking to Oil and Metals.

As we look ahead, here are the key U.S. economic reports for the week of January 6 to January 10.

Monday, January 6

  • No major announcements

Tuesday, January 7

  • Trade Balance report from Census Bureau
  • ISM Non-manufacturing index

Wednesday, January 8

  • Mortgage Bankers Association to release Mortgage Purchase Applications Index
  • ADP Employment Report

Thursday, January 9

  • Weekly unemployment update

Friday, January 10

  • December employment report (expected 166,000 jobs added, 3.5% unemployment target)
2020 Times Square New Year Economic Calendar New York City United States China Trade War

2020 Week 1 U.S. Economic Calendar

By Econ News, Economic Calendar

Paramount Bank welcomes you to the new year!

The 2019 economic market capped off several notable events in the domestic and global cycle. Noteworthy events include:

– U.S.-China Trade War and impacts on U.S. industry
– Brexit back on track after Tories sweep latest snap election
– Wall Street set to cap off record year with equity stocks like Apple, AMD, Microsoft and other tech-sector companies leading the charge
– U.S. Federal Reserve interest rate cuts with no further reductions expected in 2020
– Low U.S. unemployment data with stable-to-slightly lower data on GDP, inflation and manufacturing
– Overall increase in Consumer Confidence index implying strong consumer economic sentiment

Noteworthy events to watch in 2020 include:

– The United States is entering a key Presidential Election year. Donald Trump looks to retain his incumbency amidst low approval ratings and growing sentiment toward key Democratic challengers.
– Wall Street will aim to continue the nation’s decade-long bull market.
– The United States and China trade war disputes are set to ease in January 2020. Burdens expected to lift on key agriculture and manufacturing subsets. The largest battle between the two nations will be agreeing on Intellectual Property proclamations to reduce Chinese infringement on key U.S. Patents.
– The finalization of Brexit strategy in early 2020 and impact on EU economic trajectory

These are the key U.S. economic calendar reports for the week of December 30, 2019 to January 3, 2020.

Monday, December 30

  • Pending Home Sales Index for November with a >1% expected growth

Tuesday, December 31

  • House Price Index reports

Wednesday, January 1

  • U.S. markets closed in recognition of New Year’s Holiday

Thursday, January 2

  • Weekly unemployment update

Friday, January 3

  • ISM Manufacturing Data (Morning)
  • Fed Econ Notes (Mid-Day)

2019 Week 52 U.S. Economic Calendar

By Economic Calendar

These are the key U.S. economic calendar reports for the week of December 22, 2019.

Monday, December 23

  • New Home Sales Report
  • Durable Goods Report

Tuesday, December 24

  • Fed Survey of Manufacturing Activity reporting for December

Wednesday, December 25

  • U.S. Markets closed in observance of Christmas Holiday

Thursday, December 26

  • Weekly unemployment

Friday, December 27

  • No major announcements planned

PB Corporate Holiday Party 2019

By News and Updates

“There has been a murder…”

On December 6th, the bank and corporate staffs in St. Louis had their annual holiday party! After a team meal of the famous Imo’s Pizza at the office, the office closed for a few hours to bus everyone to the St. Louis Art Museum. When they got there, Watson Adventures informed them that there had been a murder in the museum and they were the only ones that could find the killer! They split up into teams of 5 to search for clues throughout the museum to determine “Whodunnit.”

After 90 minutes of detective work, everyone reported back in the lobby to submit their findings. Although most of the teams found the killer, there was only one Whodunnit Scavenger Hunt winner, “Team Too.” Congrats to Dan Cates, Steve Braeckel, Tyler Frank, Taylor Summers, and Brian Duncan for uncovering the murderer and scoring the most points with their findings! We are sure they will wear their medals proudly for many years.

Last Minute Shopper Gift Guide

By Good Reads

For those of you that wait until the week before the holidays to get someone a gift, this quick list is for you.

We get it, you are a busy person that has a lost of stuff going on around this time of year and standing in line at the retail store with a shopping cart full of gifts doesn’t sound appealing – we are totally and completely with you there. That is why we’ve given you some obvious and not so obvious ideas if you need a gift for someone in a pinch, even for close loved ones. This blog post is even short enough so you can get to that holiday party without being empty handed!

 

These ideas are in order of how much time you have beforehand:

Amazon Prime – 2 Days

If you have a couple days, it’s a no-brainer to order something online. Just take a look at what is trending or visit our Top 10 Funny Gifts Guide for inspiration. We suggest ordering Amazon Prime eligible items if you have an account because you can get them delivered in 2 days for free. This also prevents you from having to go to a store or thinking too hard…

 

Retail Store – 2 Hours

This is obvious, but just go to a Walmart, Target, Kohl’s, etc. if you have a couple hours to spare. This is of course risky because you have no idea how long those lines are until you get there. BUYER BEWARE!!

 

Re-Gift – 1 Hour

Do you have any unopened gifts from your birthday or last Christmas? Go find them quick! This is a thing. Don’t feel shame.

 

Wine & Spirits – 30 Minutes

If you have less than an hour to spare, it’s crunch time. Go to the liquor store on your way there and grab a decent bottle of wine, whiskey, gin, rum, or 6 pack of beer for that someone you almost forgot. Even if they don’t drink, we’re sure they could use it for a party or at least re-gift it!

 

Invite to nice lunch, dinner, event, etc. – 10 Minutes

If it’s someone you care about enough to hang out with them, but you somehow spaced on getting them a gift, you are still in luck. It’s all good. You could tell them you are going to take them out to a nice lunch, dinner, concert, or any other event of their choosing on your dime. You can’t lose.

 

The classic IOU – NOW

Oh boy, you might have messed up. You can’t think of an event to take this person out to or you don’t want to hang out with them, you don’t have time to get a bottle of booze, and you feel bad. You could maybe tell them Merry Christmas, Happy Hanukkah, or Happy Holidays and be done with it, or you could tell them you genuinely forgot and you owe them one. It happens!

2019 Week 51 U.S. Economic Calendar

By Economic Calendar

The week of December 16th, 2019 scheduled economic reports. Key reports are income, housing, home sales, and GDP.

Monday, December 16th

  • Manufacturing survey
  • NAHB homebuilder survey

Tuesday, December 17th

  • Housing Starts
  • Industrial Production and Capacity Utilization
  • Job Openings and Labor Turnover Survey

Wednesday, December 18th

  • Mortgage Bankers Association (MBA) mortgage purchase applications index

Thursday, December 19th

  • Weekly unemployment
  • Existing Home Sales

Friday, December 20th

  • GDP
  • Personal Income and Outlays
  • Consumer sentiment index
  • State Employment and Unemployment
Tax Prep Season Home Loan Paramount Bank 2019

Home Loan Tax Preparations

By Financial Tips, Mortgage Tips

Home loan tax preparations might be the least of your concerns during the holidays.

At Paramount Bank, we recommend you keep the home loan deduction updates in the back of your mind.

Each year, you’ll receive an annual statement to let you know how much interest you’ve paid on your home loan. If you are in the minority of American home owners who itemize taxes, then you’ll want to consult your tax advisor.

However, new tax laws have made the standard deductions larger for more Americans. This means it might not be worth the trouble of itemizing your home loan interest payments.

Here are a few things to consider before you start filling out home loan interest deductions on your taxes.

Home Loan Tax Value Reduction

If you purchased your home in 2019, the home loan deduction will be lower than in recent years.

Before, borrowers could file a deduction for properties valued up to $1 million. Now, the total value used in reductions is $750,000 per new home loan opened this year.

On average, this may amount to a $2,000 deduction for many home owners in 2019.

Additionally, if you payed more than $10,000 for your local and state taxes, you will not be able to write off that payment.

Home Equity Loans Tax Elimination

Borrowers who opened home equity loans or home equity lines of credit will want to pay attention.

New tax laws for 2019 reduce the amount of interest you can claim on second home loan products. In year’s past, borrowers could write off as much as $100,000 each year.

Now, you’ll need to prove that a home equity loan product was used to acquire or improve your home. Any other reasons you may tap into your home equity with a new loan – such as business growth or other expenses – will not be allowed as reductions for 2019 and beyond.

Consult Your Tax Advisor

The most important thing you can do this tax prep season is consult your advisor.

Home loan tax preparations took on new changes after tax laws passed in 2018 and extend through 2025. Be sure to know your home value and carry all required documentation during your tax preparation season.

If you’re ready to talk about our home loan products, and how they might impact your future tax preparation, talk with Paramount Bank today!

Share Wealth Holiday Season 2019 Paramount Bank High Interest Checking Account Trash Collector Teacher Public Schools New York Times Washington Post

This Holiday Season: Share Wealth

By Financial Tips, Good Reads

Get into this Holiday Season by sharing your wealth.

Tipping culture in the United States is unfortunately a necessary element to survival for traditional services such as dining out.

Let’s take a look at a few other places you could help spread a little financial love this holiday season.

This Holiday Season: Share Wealth at School

Assuming you’re not currently financially committed to your child’s classroom, now would be a great time to start.

Many public school teachers in the United States are underpaid. With regular cuts to school budgets by state and local officials, teachers are forced to float their own cash for critical classroom items without any promise of reimbursement.

Pitch in with some of your personal resources this holiday season. Help your child’s teacher with new arts and crafts supplies, sanitary products or other essential classroom needs.

While not necessarily tipping, this definitely counts as boosting your teacher’s sanity and allowing them to free up funds for their own personal financial goals in the future.

This Holiday Season: Share Wealth with City Workers

Picking up your trash can be a thankless job.

City workers handle our discarded scraps of food and household items each week. They often run full shifts with manual labor, rolling house to house and helping ensure our waste is properly disposed.

You should thank your trash crew this holiday season with a small monetary tip, similar to how you’d tip wait staff for a nice meal.

Anywhere in the range of $15-$30 per member of the crew should be enough for them to feel appreciated without having to break your wallet. Win-win!

Share Wealth with Lonely Animals

Humanity would be nothing without the love of our pets.

Many no-kill shelters across the country are entirely non-profit. They rely on grant funding as well as adoption revenue in order to maintain clean housing for our lost and lonely critters.

You can help ensure the lights stay on with a financial contribution. Alternatively, you can volunteer your time to help keep the little animals happy until they find a forever home.

Take it a step further, and you can even donate large bags of food or litter. Wearing a Santa outfit when you deliver the items is totally optional.

Next Holiday Season: Start Earning with Paramount Bank

It is never too early to prepare for next holiday season.

Paramount Bank offers a 1.75% Annual Percentage Yield in our High-Interest Checking Accounts. No matter how much money you begin with, we’ll pay you interest simply for opening an account and funding it within 30 days — it’s that easy!

Click here to check it out for yourself and apply today.

Bake & Build a Gingerbread House

By Favorite Recipes

December 12 is National Gingerbread House Day! Get out your rollers and hot cocoa. Let’s get to work.

Luckily, you don’t need a Paramount Bank mortgage for this house…

INGREDIENTS

GINGERBREAD COOKIES RECIPE:

  • 3 1/4 cups all-purpose flour
  • 1 tablespoon ground cinnamon
  • 1 tablespoon ground ginger
  • 3/4 teaspoon baking soda
  • 3/4 teaspoon ground cloves
  • 1/2 teaspoon ground nutmeg
  • 1/2 teaspoon salt
  • 3/4 cup unsalted butter, softened to room temperature
  • 1/2 cup packed brown sugar
  • 1 egg
  • 1/2 cup molasses
  • 1 1/2 teaspoons vanilla extract
  • (optional) orange zest
  • optional toppings: simple icing (see below), red hots, sprinkles, etc.

SIMPLE ICING RECIPE:

  • 2 cups powdered sugar
  • 23 tablespoons milk
  • 1/4 teaspoon vanilla extract

INSTRUCTIONS

TO MAKE THE GINGERBREAD COOKIES:

  1. Take a large bowl, whisk flour, cinnamon, ginger, baking soda, cloves, salt and nutmeg together.
  2. In a separate mixing bowl, mix the butter and sugar together until light and fluffy.  Add egg, molasses, and vanilla, and mix. Keep mixing and slowly add the flour mixture until just fully combined.
  3. Divide the dough into two equal parts, and form each of them into a ball.  Carefully, use your hands to flatten each ball into a 1-inch thick disk, wrap tightly in plastic wrap, and throw in the refrigerator for at least 2 hours.
  4. After that 2 hour period, set the oven to 350°F and line a baking sheet with parchment paper.
  5. Take the dough out of the fridge and put it on a lightly flowered surface.  Flour your rolling pin and roll the dough evenly until it is about 1/8-inch thick.  Next, cut the dough to your desired shapes. (Dimensions/instructions of house below. Use cookie cutters if you don’t want to make a house!)
  6. Bake for 8-10 minutes, making sure the cookies are crisp around the edges and top. Let cool for at least 5 minutes on a wire cooling rack for best results.
  7. Decorate to your heart’s content AFTER you build the house.

TO MAKE THE SIMPLE ICING:

  1. Whisk all ingredients together in a bowl until smooth.  Add powdered sugar to make it thicker and milk to make it thinner.
  2. Use an icing bag or create your own with the corner cut off a ziplock bag to decorate your cookies (again, after you build the house!!)

HOUSE DIMENSIONS:

Directions:

  1. Take a ruler, and place it down on the flattened, uncooked gingerbread. Use that ruler as a straight edge and cut the dough into your pieces.
  2. Take two sides at a time and use the icing as the glue. You will have to hold it together for a couple minutes for it to harden enough. Do this again, but orient the sides the opposite way, then combine the sides. You should have 4 walls with the same size walls opposing each other (pictured.)
  3. Pipe the top of the house with icing so you can put the roof pieces on.
  4. Put icing on the point of the roof to keep the roof pieces together, and hold.
  5. Decorate to your heart’s content!

 

Source: Recipe slightly adapted from Elise Bauer of SimplyRecipes.com.

2019 Week 49 U.S. Economic Calendar

By Economic Calendar

The week of December 2nd, 2019 scheduled economic reports. Key reports are auto sales and employment.

Monday, December 2nd

  • ISM Manufacturing Index
  • Cyber Monday

Tuesday, December 3rd

  • Light vehicle sales
  • Corelogic House Price Index

Wednesday, December 4th

  • Mortgage Bankers Association (MBA) mortgage purchase applications index
  • ADP Employment Report

Thursday, December 5th

  • Weekly unemployment
  • Trade Balance report

Friday, December 6th

  • Employment Report
  • Consumer sentiment index
  • Consumer Credit

Top 10 Funny Gifts for the Holiday Season

By Good Reads

Everybody does a top 10 gift ideas, but we thought it would be way more fun to give you some ideas in the realm of joke gifts! This is great for that someone who buys what they need when they need it or when you have no idea what to get them. You could get them something that makes them laugh, because sometimes the reaction is worth it.

 

1. Book of “Dad Jokes”

Do you know someone that’s always cracking the same obvious dad jokes? Drop them the hint with this book. They’ll have you rolling…your eyes again in no time!

 

2. World’s Smallest Violin

Do you have a friend that always asks for advice in tricky situations? Give them this tongue and cheek gift. It’s all in good fun!

World’s Smallest Violin

 

3. Beer Helmet

Sometimes you just need to keep the hands free for more tedious tasks…

Thinking Cap

 

4. Honest Coffee Mug

This one’s the perfect gift for a coworker!

“Survived Another Meeting…” Mug

 

5. Socks with Someone’s Face on Them

Nothing says happy holidays like a good pair of socks.

Custom Face Socks

 

6. Wine Glass the Size of a Bottle

For that person in your life that just needs to wine a little.

BigMouth Bottle

 

7. Sarcastic T-Shirt

A sarcastic T-shirt is always a good pick for someone that absolutely loves the holiday season festivities! /s

Sarcastic Shirt for Her

 

8. Burrito Blanket

This is a great gift to keep your spicy señorita or señor warm.

Burrito Blanket

 

9. Festivus Sweater

Get this for that Seinfeld fan in your life right after you air your grievances. If you don’t want to pay for a gift, you could always “donate” to the Human Fund in their honor instead…

Feat of Strength

 

10. Funny Card

If you really don’t know what to get someone or you don’t want to spend a ton of money on someone, a card is always a safe bet! Might as well get them to crack up a little.

Joke Cards

 

New Conforming Limits in 2020 FHFA Paramount Bank Home Mortgage Solutions

New Conforming Limits in 2020

By Econ News, Mortgage Tips, News and Updates

New conforming limits are coming in 2020, and it’s time to celebrate.

The Federal Housing Finance Agency (FHFA) announced plans to increase the single-family conforming loan limit to $510,400 starting next year.

Market authorities Freddie Mac and Fannie Mae can now help Paramount Bank offer a wider range of solutions to our clients.

Let’s break down how this can help your next home purchase.

Conforming Limits Open New Opportunities

Buying a home takes planning. You work hard to build credit. Many borrowers save money for a 10-20% down payment. You are on top of new home listings in your market.

There is a good chance you spoken to various lenders. With the FHFA’s new conforming limits in 2020, you can cast a wider net in your home search.

When you get pre-approved with Paramount Bank, you’ll receive loan recommendations. Before the FHFA announcement, Paramount Bank would work with a lower conforming loan limit.

With the new limits in 2020, the work you’ve put in building your credit and saving for a down payment may help you get pre-qualified for a larger mortgage opportunity.

Paramount Bank Celebrates the FHFA Decision

Paramount celebrates the FHFA’s decision to raise conforming limits.

Our team wants all of our clients to understand each loan option. Monthly payment, potential return on investment, and other key financial data points are extremely important. Your financial wellness is second-to-none.

With strong economic data, more Americans are finally able to start making smart economic decisions. Instead of watching homes leave the market, more people can jump in and get a piece of the American Dream.

New conforming limits may lead to higher home loan values. Yet competitive interest rates coupled with product diversity can mean new borrowers get their dream home at an affordable rate.

Contact Paramount Bank when you’re ready to begin.

2019 Week 48 U.S. Economic Calendar

By Economic Calendar

The week of November 25th, 2019 scheduled economic reports. Key reports are GDP, Beige Book, and home sales.

Monday, November 25th

  • Survey of Manufacturing Activity

Tuesday, November 26th

  • Case-Shiller House Price Index
  • FHFA House Price Index
  • New Home Sales
  • Survey of Manufacturing Activity

Wednesday, November 27th

  • Mortgage Bankers Association (MBA) mortgage purchase applications index
  • Q3 GDP
  • Durable Goods Orders
  • Personal Income and Outlays
  • Federal Reserve Beige Book

Thursday, November 28th

  • Thanksgiving

Friday, November 29th

  • Black Friday

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