Weekly Economic Summary From The Cascade Team
Posted by The Cascade Team Real Estate on
Last week in review (August 13 - 17, 2012)
Stocks and bonds have been competing for investment dollars, as the economic reports continue to deliver mixed results. Read on for details
Table Source: Mortgage Success Source
Several reports last week delivered good news for our economy. The headline Retail Sales number came in at 0.8%, much higher than expectations. Building permits jumped to their highest level in four years and Consumer Sentiment also improved, coming in higher than expectations. In addition, inflation at the consumer level was tame. This is typically a good sign for bonds, as inflation hurts the value of fixed investments like bonds, which means tame inflation is also good for home loan rates since they are tied to mortgage…
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