U.S. Stocks sank for a 3rd straight day yesterday after President Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election.
Fannie Mae and Freddie Mac will let mortgage borrowers nationwide take out home loans over $500,000 in 2020. The Federal Housing Finance Agency said that it will increase the limit on conforming loans, meaning mortgages that adhere to the standards imposed by Fannie Mae and Freddie Mac, to a maximum of $510,400 nationwide. In high-cost areas, the maximum loan limit for mortgages acquired by Fannie Mae and Freddie Mac will be $765,600.
American shoppers increased their spending by 16% over the five-day shopping period between Thanksgiving Day and Cyber Monday, according to new data, signaling U.S. consumer confidence hasn’t wavered in the face of global political and economic uncertainty. 190 million shoppers made purchases during the period, a 14% increase over the previous year, showing the US consumer is still healthy.
For Medicare’s 61 million or so beneficiaries, Saturday marks the day that their coverage for 2020 is locked in. The fall enrollment period, which opened Oct. 15 and runs through Dec. 7, is when you can make certain changes to your Medicare coverage, effective Jan. 1. So, if you want to make changes to your Medicare plan you better do it this week. If you take no action, you’ll automatically remain enrolled in your 2019 plan.
With Northwest Quadrant Wealth Management, I'm Tyler Simones.