Juggling Dynamite

Meet the physical therapist who has the ear of NFL players, Air Force pilots, and desk workers alike. Here is a direct video link.

The average college graduate today starts their foray into adulthood with $29,400 worth of student debt. More than one-quarter of today’s 38 million student debtors is strapped with $50,000 or more.

“We’re not talking about a little bit of a inconvenience,” says Dan Hurley, a policy expert with the American Association of State Colleges and Universities. “We’re talking about [debt] that can absolutely, fundamentally alter a life’s trajectory.”

Here is a direct video link.

The low rates were not enough to boost mortgage volumes: applications to refinance a loan fell a seasonally adjusted 3 percent on the week, and are down nearly 57 percent on the year, according to the mortgage bankers survey. Applications to purchase a home—a closely watched indicator of the housing recovery—fell 4 percent on the week and are 17 percent below year-ago volumes. This does not bode well for home sales as the market moves from the traditionally robust spring season to the slower summer months.

“The lack of movement on mortgage applications even with a significant drop in rates confirms what we have seen for much of the past five years. Namely, that lower rates alone are not enough to generate home purchase activity,” said Guy Cecala of Inside Mortgage Finance. “Home prices, mortgage underwriting, employment, and a basic belief that it is a good time to buy home are major factors that seem to influence home buying more than rates.” Here is a direct video link.