Moore Mortgage Solutions

    Will today be another day like it has been in the last week or more in the market?

    As the markets opened this morning, we had a bad reading on Durable Goods. This is pushing the Bond Market up which is good for interest rates.

    New Homes Sales came in about where the economic analysts expected it to so that didn’t affect today’s market.

    But to add to today’s possible volatility, two Federal Reserve members will be speaking. Chicago Fed President is speaking as I write this but the big potential mover is Dallas Federal Reserve President “Loose Lips” Fisher. He has voted against the Fed cuts and each time he has spoken, he tends to move the bond market in a negative way. His main warning is always of inflation. He speaks at 1:30 pm EST. This afternoon’s market may be very rocky so hold on to your seats.

    In the meantime, I am available to help you decipher the market conditions and help you make informed decisions.

    Until next time, make every day an inspired one!

Betsy Moore

betsy@mooremortgagesolutions.com

206-331-2749