Monthly Economic Commentary and Indicators
for Mortgage Industry Third Party Origination Professionals
Since the news this month was dominated by Foreign Policy and Trade, let’s take a step back and consider how vital Trade is to the US Economy. Exports are a significant component of the US Economy, but our Economy is dominated by Domestic Consumption which comprises 70% of US GDP. The US Economy is not as dependent on exports like the Chinese Economy – which is extremely reliant on exports. If our export sector declines, it hurts, but it’s not a big hit to the overall US Economy. However, if the Chinese export sector declines – it’s a HUGE hit to their Economy. China has a lot more to lose in a Trade War than the US. The same can be said for the German and Mexican Economies. Free Trade advocates will prognosticate about the benefits of Free Trade, and I would agree with most of their rationale – but that is little comfort to American workers that were just laid off and their jobs exported overseas. Those workers will not be buying homes and securing new mortgages..
In this month’s full version of the Economic Commentary and Indicators PDF we will review the following Economic Indicators and Data from July 2018 that are important to the Mortgage Industry and Mortgage Professionals.
Economic Data and Events
Interest Rates and Fed Watch
Housing Market Indicators
Labor Market Economic Indicators
Inflation Economic Data/Information
GDP Economic Data
Consumer Economic Indicators
Energy, International, and Misc
This Economic Commentary intro and full version PDF are provided by GMFS and written by Mortgage Elements to be a succinct summary of the key Economic Indicators and Economic Data that influence the Mortgage and Real Estate Industries. It is written for Mortgage, Realtor and Real Estate Professionals that need to stay current on Economic Information but don’t have hours to research and analyze Economic Data. © Copyright 2018 Mortgage Elements Inc, All Rights reserved
Information on this full version Monthly Economic Calendar PDF is taken from sources believed to be credible, however, GMFS and Mortgage Elements does not guarantee or warrant its accuracy or completeness. The dates, times, and definitions of Economic information is controlled by the individual data provider and subject to change without notice. This calendar is intended for use by Mortgage & Real Estate Professionals only and not Consumers. It is intended for informational purposes only and is not an advertisement to lend or solicit mortgage originations. © Copyright 2018 Mortgage Elements Inc, All Rights reserved