Dear reader,
Mortgage Bonds were in rally mode this morning after Retail Sales, showed its weakest growth in five years with an overall annual growth rate of 4.2%.The NY State Manufacturing Index , and the Producer Price Index(PPI) were reported lower than expectations. When excluding volatile energy and food prices, the Core PPI matched the consensus forecast.
With this economic data, I don't see why the Fed should not have reasons to cut rates by .50%, and in fact it seems like traders are now hoping the Federal Reserve may slash rates before its next two-day session ending on Jan. 30.
Why do you need a Certified Mortgage Planning Specialist™?
Simply because we are...
COMMITTED:
to raising mortgage industry standards of practice, ethics and professionalism through individual membership, training and certification.
QUALIFIED:
to help clients achieve financial freedom, build wealth and experience their life dreams by implementing intelligent mortgage, cash flow and home equity strategies.
EQUIPPED:
to be a strategic resource to homeowners, first-time home buyers, move-up home buyers, senior citizens, real estate investors, Realtors, builders, attorneys, CPAs and financial advisors.
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