Monday, February 23, 2009

Weekly Mortgage Advisory

This week our Fed Chairman will deliver his semi-annual testimony on the state of the economy late on Tuesday. Look for Mr. Bernanke to address the Banking and Housing crisis specifically and their impact on the overall economy. February's Consumer Confidence Index is also released on Tuesday. This index measures our willingness to spend. Consumer spending makes up two-thirds of our economy. The bond traders are expecting a drop in confidence from 37.7 in January to 36.0 this month. The lower the number the better it is for interest rates.
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2 comments:

  1. UnknownFebruary 26, 2009 at 3:06 PM

    I have been looking at this blog site for around 15minuntes and the national debt clock has increased 30million usd. UNBELIEVABLE!!!!!!!!!!

    ReplyDelete
  2. UnknownFebruary 28, 2009 at 9:29 AM

    That debt clock is scary. Also, I am spending less and less and am not surprised that my friends are doing the same... the news is also scary.

    ReplyDelete

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