Mortgage Weekly Update - Last Week in Review - December 18, 2006
Foster Weeks does a weekly mortgage update.- Mick Orton
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"...News of blockbuster Retail Sales numbers showed that the consumer and the economy in general continue to hum along. And any of us out doing holiday shopping recently can attest - the long lines and crowded parking lots show the consumer is out spending in full force. In fact, shoppers might be singing, "I used to say I and me...now it's PlayStation, now it's Wii".
"But typically, strong economic activity like Retail Sales is accompanied by higher inflation. Yet last week's tame and improving read on inflation via the Consumer Price Index report put a "Goldilocks" spin on the economy - not too hot, not too cool...but getting closer to "just right." Even though there was quite a bit of volatility during the week, home loan rates ended the week exactly where they started.
"So it appears that Ben Bernanke found what he's been looking for - a healthy economy, along with a better behaved rate of inflation. But Ben isn't out of the woods yet - because these reports are volatile, there could always be a rat lurking about in one of the upcoming economic releases..." Read the current report here.
- Foster Weeks
posted by SFResidence.com @ 8:01 AM
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