As your mortgage and real estate professional, Fred Arnold is happy to assist you with any information you may need regarding mortgage or real estate trends. Fred welcomes the opportunity to serve you in any way he possibly can.

 The likelihood of the Fed raising interest rates is creeping closer.

• The spread between board members for versus against an increase tightened.
• More members moving toward raising rates, but there continues to remain holdouts that want to wait a little longer.
• The tightening of the votes keeps the possibility of a rate hike alive before the end of the year.

The assessment of the economy by the Fed has changed minimally since the July meeting.

• The pace of the economy continues to be described as moderate with less emphasis of strength being placed on the labor markets.
• The pro’s and con’s to this month’s report is that household spending is described as strong and business investment is being seen as soft.
• Household spending is once again described as strong and business investment is once again noted as soft.
• Inflation remains the same and the concern over global affairs impacting the U.S. economy remains high.

The likelihood of the Fed raising interest rates is creeping closer.

• The spread between board members for versus against an increase tightened.
• More members moving toward raising rates, but there continues to remain holdouts that want to wait a little longer.
• The tightening of the votes keeps the possibility of a rate hike alive before the end of the year.

The assessment of the economy by the Fed has changed minimally since the July meeting.

• The pace of the economy continues to be described as moderate with less emphasis of strength being placed on the labor markets.
• The pro’s and con’s to this month’s report is that household spending is described as strong and business investment is being seen as soft.
• Household spending is once again described as strong and business investment is once again noted as soft.
• Inflation remains the same and the concern over global affairs impacting the U.S. economy remains high.

Next week’s potential market moving reports are:

• Monday September 26th – New home Sales
• Tuesday September 27th – S&P Case-Shiller House Price Index
• Wednesday September 28th – MBA Mortgage Applications & Durable Goods Orders
• Thursday September 29th – First Time Jobless Claims & GDP
• Friday September 30th – Personal Income and Outlays

As your mortgage and real estate professional, Fred is happy to assist you with any information you may need regarding mortgage or real estate trends. Fred welcomes the opportunity to serve you in any way he possibly can. Please feel free to reach Fred Arnold at (661) 505-4300.