consumer sentiment: Consumers have the "blahs"; What does financial reform mean to mortgages? - Daily Mortgage Rate Update for July 16th, 2010 - 07/16/10 12:58 PM
Inflation stays low; bank profits up, but revenues down; Financial reform coming - Daily Mortgage Rate Update for July 16th, 2010
Please visit http://provincemai.com for the full text of today's update.
Mortgage rates are better today after reports have indicated that inflation is very low. The core Consumer Price Index, or CPI, came in at a scant rise of 0.2%, meaning that prices of goods consumers use are holding very stable in the US. Inflation is the archenemy of low interest rates, as investors want their investments to gain value faster than inflation takes it away. Meanwhile, consumer sentiment, according to … (1 comments)

 

Dan Hartman

Providence, RI

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Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you! Locations of visitors to this page Site Meter


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