Moore Mortgage Solutions

    Today starts the beginning of all the economic news for this week.

    The only report that came out today was the Consumer Confidence Index. This index measures how consumers feel about the economy. The greater the number, the more likely consumers feel confident about the economy and will spend more. And visa versa, if it goes the other way.

    Today the Consumer Confidence Index fell to the lowest it has been in over two years. And some economic analysts feel that it will continue to go down into 2008.

    What does this mean? Since consumer confidence is low, they are less likely to spend which translates into a slowing economy.

    Tomorrow, the FOMC meeting adjourns in the afternoon. Economic analysts are split on whether the Fed will cut the key short-term interest rates. For now, all we can do is wait-and-see what they decide.

    In the meantime, the bond market is holding its own.

    Until then, make everyday an inspired one!

Betsy Moore

betsy@mooremortgagesolutions.com