25.12.2013
With the economy sending mixed signals, average mortgage interest rates—which have been hovering right above historic lows for weeks—may be a little confused on which way to go.
Weak GDP growth (1.2 percent in the advance Q2 estimate) contrasting with a strong jobs report for July (255,000 jobs added, nearly 3 percent wage growth, unemployment rate still under 5 percent) presents a mixed picture of the country’s economic health. The result for mortgages is that the average 30-year FRM was little changed from the previous week for the week ending August 11. Sean Becketti, chief economist with Freddie Mac, said of this week’s PMMS, “A surprisingly strong July jobs report showed 255,000 jobs added and 0.3 percent wage growth from last month, exceeding many experts' expectations.
The Fed could raise the federal funds target rate as soon as September if the economy is accelerating; according to HSH, futures markets after the July jobs report estimate the chances of a September rate hike by the Fed at 18 percent.
Brian Honea's writing and editing career spans nearly two decades across many forms of media. I haven't been everywhere, but I've lived lots of places in the USA: the North, the South, the East, the West, and places in between. You know how I can yammer on about my affinity for small business, so I am no friend of McDonalds.


Pingback: McDonald's nao consegue saber como e que os seus trabalhadores sobrevivem com salario minimo. Trackback: McDonald's nao consegue saber como e que os seus trabalhadores sobrevivem com salario minimo. It is a time of fear in the face of freedom, a time of an emptying country and swelling cities, a time for the widening of previous roads and the opening of new paths, yet a time when these paths are mined by knowing algorithms of the all-seeing eye.
Depending on which analysis you look at this week, the average 30-year FRM either held steady or inched downward—but reports agree that the rate is near 3.5 percent. Prior to the report, futures markets reported the likelihood of liftoff for the Fed in September at 12 percent. With that said, we will remain far closer to the year's lows than highs, so opportunities for cheap home financing will continue to persist for a good while yet,” Gumbinger said.
He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! I spend half that on food AND gas and I drive 25 miles each way already 5 days a week to my job.


It is the time of the warrior's peace and the miser's charity, when the planting of a seed is an act of conscientious objection. One more employment summary (the August jobs report) will come out before the next Federal Open Market Committee meeting on September 20 and 21; if the news for that report is good, combined with July’s solid report, it may be enough to convince the Fed to raise rates. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014.
Forwards is backwards now, so we glance sideways at the strange lands through which we are all passing, knowing for certain only that our destination has disappeared. We are unready to meet these times, but we proceed nonetheless, adapting as we wander, reshaping the Earth with every tread.



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