Moore Mortgage Solutions

    This week and next week will be short weeks for the financial markets. The market will close early this Friday, 2PM ET and next Monday is Labor Day.

    With the short week and several important economic reports being released over the next several days, we may be in for a bumpy ride on several of those days.

    The first of the reports this week is the July’s Existing Sales. Those numbers released already came in a bit higher than June’s but lower than year to date. This report hasn’t affected the bond market which is trading in the positive territory at the moment.

    The next report that could affect the market is the Federal Open Market Committee (FOMC) minutes. These are the minutes from their last meeting and where we see what each member said about the economy. Depending what was said, this report could move the market. This report will be released tomorrow.

    The other two reports being released at the end of this week are the revised reading of the 2^nd Quarter Gross Domestic Product (GDP) and the Personal Consumption Expenditures and its Core.

    In the meantime, if you have any questions or would like to talk about your mortgage needs or concerns, please do not hesitate to contact me. I am here to help you work through the process.

    And make each day an inspired one!

Betsy Moore

206-331-2749

betsy@mooremortgagesolutions.com

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