Market Update
Just when we think rates are dropping, new economic data pushes them back up a bit...
Reports issued on Wednesday showed a narrowing of the U.S. trade gap and a jump in mortgage applications, prompting investors to speculate that the Federal Reserve will not begin lowering interest rates any time soon.
Additionally December's employment showed that the U.S. economy added 167,000 jobs.
Lastly, today's jobless claims report suggests there is still some underlying strength in the U.S. economy.
Though rates are not shooting up, there is upward pressure at present.
View homes available by searching the MLS (Multiple Listing Service) at www.RealtorHarb.com
Reports issued on Wednesday showed a narrowing of the U.S. trade gap and a jump in mortgage applications, prompting investors to speculate that the Federal Reserve will not begin lowering interest rates any time soon.
Additionally December's employment showed that the U.S. economy added 167,000 jobs.
Lastly, today's jobless claims report suggests there is still some underlying strength in the U.S. economy.
Though rates are not shooting up, there is upward pressure at present.
View homes available by searching the MLS (Multiple Listing Service) at www.RealtorHarb.com
posted by Phyllis Harb at 10:22 AM
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