Recently released economic data shows the economy is growing, but inflation is still not a problem. Rising inflation pressures mortgage rates to move higher. The Fed is expected to leave policy rates unchanged at this month’s meeting but raise them at December’s meeting, despite lack of inflation. Unemployment benefit claims fell to a 44-year low last week. This points to ...

The minutes released from last month’s Fed meeting showed some members don’t agree that low inflation is transitory. Low inflation helps keep rates low. However, it’s still expected that the Fed will leave rates unchanged in Oct/Nov but will hike policy rates in December. There’s an 88% probability, at the moment. Producer prices rose in September as gasoline prices jumped. ...

President Trump released his plan for tax reform this week, which is expected to stimulate economic growth. A hotter economy could contribute to higher rates. Consumer confidence fell slightly in September, despite a strong labor market. The decline is likely temporary and due mainly to Hurricanes Harvey and Irma. The economy grew a bit faster than previously estimated in the ...

Each week, Santa Clarita mortgages lender American Family Funding shares the latest housing market update for your hometown. For more information on about Santa Clarita mortgages, please contact American Family Funding at affloans.com. The Economy Traders sought the safety of bonds this week after concerns rose over North Korea’s nuclear ability. The bond rally helped keep mortgage rates low. Hurricane ...

Each week, Santa Clarita mortgages lender American Family Funding shares the latest housing market update for your hometown. For more information on about Santa Clarita mortgages, please contact American Family Funding at affloans.com. The Economy The GDP grew by 3.0% in the 2nd quarter, higher than estimates of 2.7%. The improving economy could support a Fed rate hike later in ...

Each week, Santa Clarita mortgages lender American Family Funding shares the latest housing market update for your hometown. For more information on about Santa Clarita mortgages, please contact American Family Funding at affloans.com. Don’t miss a thing. Get breaking KHTS Santa Clarita News Alerts delivered right to your inbox. The Economy Central bankers from around the world are meeting this week ...