Market Review ►A LOOK BACK – Last week the June Non-Farm Payroll report showed a weaker than expected employment picture showing the economy is still laboring through a deep recessionary trough. The national jobless rate increased to 9.5% and now stands at the highest level since 1983. ►WHAT’S AHEAD – This week will have [...]
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Filed under: Economy/Market, Lenders
Market Review ►A LOOK BACK – Last week the Treasury auctions of a record $104 billion received solid demand from both domestic and foreign investors which was surprisingly good news. The FOMC met and left the benchmark fed funds rate unchanged at zero percent and said that conditions warrant exceptionally low rates for months [...]
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Filed under: Economy/Market, Lenders
Market Review ►A LOOK BACK – Last week the May Producer Price Index and Consumer Price Index reported mortgage market friendly information showing that inflation pressures at the lowest since 1950. The Treasury Dept. announced the sale of $40 billion of 2-year notes (Tues.), $37 billion of 5-year notes (Wed.) and $27 billion of [...]
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Filed under: Economy/Market, Katy Family Homes, Lenders
