Moore Mortgage Solutions

    Ah, quiet so far this week. But will it last?

    Yesterday, the Core Producer Price Index came in much higher than expected which should have made money move out of the bond market. But the bond traders didn’t react. They felt with the Housing Stats falling by 11% in July and crude oil down for August, inflation should moderate some in August.

    In other news, investors are watching for any tidbits to come from Fannie Mae and Freddie Mac. These two companies own or guarantee roughly half of all mortgages in the United States. They have been in the news a lot especially since the Housing and Recovery Act of 2008 along with their liquidity problems.

    Tomorrow’s economic report is the Philadelphia Fed Index. This index reports regional manufacturing purchases for the present month. And it can affect the market.

    In other news heard, Sacramento and Las Vegas look to have hit their bottom of their housing market and are seeing moderate increases in their housing prices. The question is whether this will hold and if so, will it spread to other parts of the country.

    But please remember, the Seattle area hasn’t had the huge losses that these markets have had. Yes, we are down a bit but not to the extent of those markets. I is still a good time to buy in this market.

    Please feel free to contact me with your mortgage concerns, questions about your mortgage or the market place. I am here to help you figure out what is best for your situation.

    And please make each day an inspired one!

Betsy Moore

CMPS™

206-331-2749

Home of the Ready, Set, Go Program

betsy@mooremortgagesolutons.com