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Mortgage Market Week in Review
Since it’s a long holiday weekend, I’m posting my week in review a day early. I hope you all have a chance to enjoy a lot of good family times, some good weather, some good fireworks and LOTS of good food!
How to best summarize this week? Let’s put it this way, I could go on and on and on about the different economic reports that came out. Car sales, employment numbers, stock prices, oil prices, bank stock values, earnings (or a lack of), writedowns, the list could go on and on and so would the length of this e-mail!
Instead of doing that, I’m going to point you back to an update I wrote on June 11 that talks about the “battle” that is waging in the markets. How’s the best way to say it?
A couple of weeks ago, the inflation fears were winning.
Now the credit fears and economic fears are winning the battle, quite decisively.
Have a good weekend and as always, let me know how I can help!
Tom