Monthly Economic Commentary and Indicators

for Mortgage Industry Third Party Origination Professionals

August 2019

The Federal Reserve lowered the Fed Funds Interest Rate for the first time in 10 years. The decision was based on Economic Data showing slower growth in the US and abroad. Many Economists have asserted that the Fed tightened monetary policy too quickly in 2018 and now they have to backtrack to stave off a recession. Combine higher Interest Rates in 2018, the Chinese Trade War, and escalating Mideast tensions, and you get slower Global Economic growth – possibly a global recession. The Economic data coming out of Europe, China, and the US all point to slowing Economies. What happens Internationally affects the Mortgage Business here at home in our neighborhoods. Lower Interest Rates mean lower payments and increases affordability for Home Buyers. Current Homeowners have the opportunity to lower their existing payments by Refinancing. This means the Mortgage Purchase and Refinance business will stay strong through at least the end of 2019 – hopefully, longer.

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

August 2019 Economic Commentary

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.

August 2019 Economic Calendar

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.

0
Employees
$
0
Loans Originated (USD)
$
0
Loans Serviced (USD)