Action Lending - Mortgage News

Inflation and Retail Sales Below Expectations

July 14th, 2017 4:51 PM by Gene Tidgewell

     June retail sales were released today were rather weak at an increase of 0.1 % versus expectations of an increase of .3 %. It appears people are still reluctant to spend money being unsure about health care and its costs, taxes and wage growth. There are too many balls in the air.

     Consumer Price Index (CPI) for June came in at year over year increase of 1.6 % versus expectations of 1.7 %. This is pretty anemic growth and shows the economy is still growing but very slowly. Washington needs to start to resolve the health care issue. It will not be corrected in one bill I do not think. After that if they are going to give the worker bees a chance to thrive they need to ease the tax burden on us. Maybe their pay should be tied to performance. If the Congress passes a bill they get paid. Higher pay for more important bills and $ 5 for the easy ones. Would that motivate them? LET ME KNOW.

     Rates were pretty much unchanged. Mortgage backed securities improved 9 basis points for the week. Yield on 10 year Treasuries dropped 5 basis points for the week.

     A light week for economic data next week so we will be at the mercy of the technical, talking Feds and geo political events.

     Remember if you have a HELOC that has started to amortize ACTION LENDING can help you combine the 2 loans into one loan at a good rate to ease the sticker shock of that increased payment on the HELOC.

We are Realtors also, as Moonstone Real Estate.

REMEMBER COLLEGE FOOTBALL STARTS ON 8/25/17. FOR YOUR VIEWING PLEASURE TODAY WE HAVE A LINK TO THE TOP TEN COLLEGE MARCHING BANDS. LET ME KNOW IF YOU AGREE OR WHO ELSE SHOLD BE CONSIDERED!

Top Ten College Marching Bands

FORWARD THIS TO YOUR FRIENDS, SUBSCRIBE FOR FREE DOWN BELOW AND IF YOU HAVE ANY MORTGAGE OR REAL ESTATE QUESTIONS GIVE ME A CALL OR SEND ME AN EMAIL, TAKE CARE.

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Posted by Gene Tidgewell on July 14th, 2017 4:51 PM

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