Monthly Economic Commentary and Indicators

for Mortgage Industry Third Party Origination Professionals

October 2020

With the Election only a month away, President Trump revealed that he has tested positive for Covid. The US Economy continues to recover despite an uptick of new Covid cases. The death rate percentage from Covid continues to decline as Doctors have become adept at treating the disease. Almost all Economic Indicators released in September were positive. Consumer Spending, Confidence, Sentiment, and Income, were all up. Employment is up. Home and car sales are booming. Traffic in major cities and gasoline sales are almost back to pre-pandemic levels. Despite the political wrangling, media pessimism, and stock market volatility, the Economy is recovering – even without a vaccine or additional stimulus from Uncle Sam. This is a testimony to the resilience of the US Economy and its Consumers.

Read the full versions of this month’s “Economic Commentary and Indicators” and “Economic Calendar” using the links below.

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.

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