Moore Mortgage Solutions

    Overall, this week has been a quiet one though the bond market did do

some ups and downs.

    Chairman Bernanke, “Loose Lips” Fischer, and Secretary Paulson all spoke

this week but their speeches didn’t move the markets widely as they have

done before especially “Loose Lips”.

    Economic reports that came out overall didn’t move the markets in big swings either. And after the last couple of weeks, it was nice to not constantly have those wide swings.

    Also this week, the Federal Reserve Board released the minutes from their last meeting. The Board feels that the economy is slowing and inflation has been evaluated. And at the same time, “the financial markets remain under considerable stress.” This, along with housing contracting and credit tightening, will contribute to the slowing of the economy over the next few quarters.

    Today, April’s University of Michigan Consumer Index reported far below expectations. This index addresses how consumers look at our economy and whether they are likely to spend money for large purchases. This low reading may suggest that consumers may not be making those large purchases and, in turn, can hurt the economy in the future.

    Next week, the markets may be bumpier as there will be several handfuls of economic reports released with several having the potential to move the markets.

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

    Until next time, make every day an inspired one!

Betsy Moore

betsy@mooremortgagesolutions.com

206-331-2749