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Weekly Economic Summary from Bank of America‏ * 마이애미 부동산 jennyformiamihome *

* 마이애미 부동산 jennyformiamihome *

February 1, 2012

Last week in review (January 23 – 27, 2012)

The Advanced Gross Domestic Product (GDP) reading for the 4th Quarter of 2011 came in at 2.8%, a bit below expectations of 3.2%. This number will be revised two more times, but if the final GDP remains at 2.8% then the overall GDP for 2011 would be a scanty 1.57%.

The policy statement released by the Fed after its regularly scheduled Federal Open Market Committee meeting was pretty much the same story as recent statements, including stable long-term inflation expectations, a tepid economic recovery, and fragile job market. But there was one exception to their norm. The policy statement said there will be “exceptionally low levels for the Federal Funds Rate at least through late 2014.”  This is a change from the previous statements of “low rates until mid-2013.”  

Extending the zero interest policy through 2014 tells us the Fed thinks the economy will just be slogging along, and accommodative monetary policy will be required to keep the economy growing at a modest pace. 

The chart below shows Mortgage Backed Securities (MBS), which are the type of bond that home loan rates are based on. A red “candle” means that MBS worsened during the day, while a green “candle” means MBS improved during the day. Depending on how dramatic the changes were on any given day, this can cause rate changes throughout the day. As you can see in the chart, bonds and home loan rates remain near their historic lows.

* 마이애미 부동산 jennyformiamihome *

Chart: Fannie Mae 3.5% Mortgage Bond (Friday, January 23, 2012)

In the news this week (January 30 – February 3, 2012)

Below is the economic report calendar for this week

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail :


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Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail :


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