Panama City Real Estate | Mortgage updatePosted by Jennifer Mackay on Wednesday, April 21st, 2010 at 7:23pm.
Here is a short summary:
Last week’s economic data continued to be mostly positive, but mortgage rates slid downwards. This
manufacturing-lead recovery continues to maintain its pace, with Industrial Production numbers
revealing solid gains for manufacturing and mining issues. While the housing and labor market will
likely be a major drag on the recovery for some time, retail sales did tick upward more than expected.
As economically positive as most of last week’s news was, inflation at the consumer level of the
economy is all but absent. This should enable the Fed to maintain its stance regarding low interest
rates for the foreseeable future.
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Panama City Real Estate | Florida
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