BRIEF NOTE FROM THE DESK OF M IGUEL
HAPPY HOLIDAYS 2019
Present Market Conditions
After last week's big headlines risk events and a full economic calendar, this end of the year is light on economic reports but not on volatility. Already in December 2019, we are seeing Bonds and Mortgage Rates take a hit in response to the biggest news to follow - US/China trade.
The US/China trade deal continues to move in the right direction and Bonds and Mortgage Rates are not embracing the good news.
This month is light on economic reports and readings and there not any significant reading that will impact the Mortgage rates and the real estate market as a whole
The Goldilocks economy lives on ... strong employment, expanding economy, low inflation, rising wages and a solid housing market, Manufacturing has struggled but we think this can recover quickly if we get USMCA and US/China trade deals done.
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