Core inflation a mere 0.1%; Manufacturing growth slows in Philly, Empire Fed indexes; 30-year fixed rates hold at 4.57% - Daily Mortgage Rate Update for July 15th, 2010
In a week filled with important economic data, no day brings more of that data than today. Inflation, 3 different manufacturing surveys, and the Freddie Mac mortgage rate survey all report today. The information revealed suggests that the economic recovery may be sputtering.
All three manufacturing surveys showed a decrease in the growth rate for manufacturing, which had been one of the few bright spots for this economy lately. The services sector isn't growing nearly as quickly, and much of the recent increases in hiring have come from factories. One particularly intersting phenomenon that has occurred recently is that some companies have on-shored their manufacturing, bringing production back into the United States that had previously been sent abroad.
For all the details on today's market condition, please check out my complete Mortgage Rate Update for July 15th on the all new http://provincemai.com. If you have questions regarding Rhode Island Refinance Rates, or whether or not to lock your loan, please don’t hesitate to contact me by cell at (401) 263-8655, or by commenting on this post. Have a great day!
Related posts:
Dan Hartman is a Senior Mortgage Advisor with Province Mortgage Associates, and serves as an Adjunct Professor of Finance and Economics at Roger Williams University and the University of New Haven. He has been helping homeowners and homebuyers with their mortgage questions for over 10 years.
Comments (0)Subscribe to CommentsComment