MORTGAGE TIPS FOR THIS WEEK

by
MORTGAGE TIPS FOR THIS WEEK

1

The US economy expanded at an annual rate of 3% in the 3rd Quarter, just short of 3.1% in the 2nd Quarter, and very impressive considering the impact of the hurricanes.

2 The economy added 261K jobs in October. The average monthly job gains over the past three months is 162K and in line with the levels seen earlier in the year.
3 The unemployment rate, which is based on a separate survey, unexpectedly declined from 4.2% to 4.1%, which is the lowest level since December 2000.
4 Since the drop in unemployment was due to a large number of people choosing to leave the labor force rather than more people finding jobs, this was not viewed as a sign of strength.
5 At last Wednesday's meeting, the Fed held the Federal Funds rate steady and made no significant change to policy.
6 President Trump has nominated Jerome Powell to start as Fed Chair in February, a move that is expected to maintain a course of monetary policy similar to the current one.

SOURCE:  www.nmlsconsumeraccess.org 

    No comments...

Your phone number and e-mail address will not be published. All fields are required.

By registering, you agree to our Terms of Use and Privacy Policy