Moore Mortgage Solutions

    Will this be a fairly quiet week? With only one economic report whose impact is consider most likely to affect the market, we may have a fairly quiet one. But with that said, anything can happen.

    Tomorrow is the release of the July’s Producer Price Indexes (PPI) and these give us the inflation figures at the producer level. The more important one is the Core PPI as that stripes away the more volatile food and energy prices. The market is betting on a 0.2% increase and anything more than that could move the bond market into lower levels causing the mortgage rates to go up.

    Remember, inflation is the big bad wolf of the bond market causing the bond market to go down. When the bond market goes down, interest rates go up.

    Other reports being released this week are the Housing Stats and the Leading Economic Indicator both for July could impact the market if their figures are not what the market expects.

    Stock prices could influence the market more than anything else this week. As always, I will be keeping an eye on it for you.

    In the meantime, please feel free to contact me with your questions or concerns about your mortgage, purchasing a home, or whatever else you wish to discuss concerning the market.

    And please make each day an inspired one!

Betsy Moore

206-331-2749

Home of the Resdy, Set, Go Program

betsy@mooremortgagesolutions.com