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매일 뉴스 (Daily News)

Weekly Economic Summary from Bank of America‏ * CORAL SPRINGS REAL ESTATE JENNYFORHOME *

* CORAL SPRINGS REAL ESTATE JENNYFORHOME *

Last week in review (June 18-22, 2012)

Operation Twist is back on the table after the Fed said last week that it is extending the program. Will this decision – or the Fed’s lowered forecasts for US growth and inflation – be cause for optimism? Read on for details.  The week began with speculation that the Fed would extend “Operation Twist” after its two-day meeting of the Federal Open Market Committee. Operation Twist is where the Fed sells its holdings of short-term securities and notes and then purchases longer-term notes and bonds in order to try and lower longer-term rates even further. The Fed extended the program, which began last fall, because the Fed feels that access to less expensive money will help spur on economic growth. And while the Fed did not mention anything about another round of bond buying (called Quantitative Easing, or QE3), they laid some groundwork for additional stimulus if necessary.

The Fed’s decision to extend Operation Twist – and their lowered forecasts for our economic growth – partly came from disappointing economic reports we’ve seen recently. The Fed noted that “growth in employment has slowed in recent months, and the unemployment rate remains elevated.” Last week’s higher than expected Initial Jobless Claims exemplified that. In addition, the housing market continues to be slow with numbers showing only modest improvement. Though there was some good news last week; even though housing starts were a bit below expectations, building permits (a sign of future construction) were up 8%.

What does all of this mean for home loan rates? Home loan rates continue to benefit from the turmoil in Europe and the weak economic reports here at home, as investors continue to see our bonds (including mortgage bonds, to which home loan rates are tied) as a safe haven for their money. But it’s important to note that additional hints of QE3 could push stock prices higher, shifting cash out of the bond trade and hurting home loan rates in the process. 

The bottom line is that now continues to be a great time to purchase or refinance a home, as home loan rates remain near historic lows.

 

 

 

Job Openings and Labor Turnover Survey

As you can see in the chart below, job openings for April fell to 3.4 million, down from 3.7 million in March in the recent Job Openings and Labor Turnover Survey (JOLTS). The JOLTS program covers all private nonfarm establishments such as factories, offices, and stores, as well as federal, state, and local government entities in the 50 states and the District of Columbia.

Improvement in the Labor Market is a key factor in our continued economic recovery and I’ll be watching this week’s Initial Jobless Claims Report and the upcoming Jobs Report for June closely.


Table Source: Mortgage Success Source

In the news this week (June 25-29, 2012)


Table Source: Mortgage Success Source

 * CORAL SPRINGS REAL ESTATE JENNYFORHOME *

 

  Contact me.

Mitch Canada | Sr. Mortgage Loan Officer
NMLS ID: 118960
866.861.0702 | visit my website

 

* CORAL SPRINGS REAL ESTATE JENNYFORHOME *

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 : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


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 : jenny_shin62@hotmail.com

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