Moore Mortgage Solutions

This week is loaded with highly important economic news starting on Tuesday and with multiple releases on several days. With all of this news being released, it will make for an interesting week.

• Tuesday: Of moderate importance is the Consumer Confidence Report. This measures the confidence level of 5000 consumers across the country in nine census divisions.
• Wednesday: Wednesday starts with multiple reports being released. The most important of them will be the FOMC Meeting at 2:15pm EST. It is expected that the Feds will once again cut the Fed rate. A Fed rate cut may initially help the Bond market before the Bond market will drift lower. Again, remember, when the Bond market goes down, mortgage rates go up as that means money is flowing out of the Bond market into the Stock market. In other words, less money in the Bond market to lend for mortgages.
• Thursday: Thursday, like Wednesday, brings several important economic reports being released. The most important of them will be the Personal Consumption Expenditures (PCE) and Core PCE. The Core PCE takes out the volatile food and energy components out. This report is the favorite of the Federal Reserve to measure inflation.
• Friday: Another day of several reports, all reporting on payroll (hourly earnings, average work week, non-farm payrolls) and the unemployment rate.

So in all, it should be an interesting week. As these reports come out and affect the markets, I will alert you as to what is happening.

Until then, make every day an inspired one!

Betsy Moore

betsy@mooremortgagesolutions.com