Monthly Economic Commentary and Indicators
for Mortgage Industry Third Party Origination Professionals
Welcome to 2020. Not only is it a New Year, but it’s also a New Decade – the 20s. One hundred years ago started the Roaring 20s – a decade of massive Economic expansion. Are we at the start of another Roaring 20s? Stay tuned – we’ll find out in 10 short years.
2019 was an incredible year for the Mortgage Business, the Economy, and the Stock Market. The unofficial early estimate for Total Mortgage Originations is around $2.1 Trillion. Political gridlock and infighting continue in Washington after the House of Representatives impeached President Trump. The Stock Markets hit record highs. The Trade War with China is de-escalating as the two sides are beginning to agree on basic issues. Wages are increasing, and there are 7,500,000 unfilled jobs in the US. Inflation is tame, Interest Rates are low, and the Economy continues to chug along fueled by robust Consumer Spending. The Recession that was hyped in the media never materialized, and there is no sign it will this year. To top it off – it’s an election year. 2020 is going to be a wild ride. Buckle up and enjoy the thrills because it could get bumpy along the way.
Read the full version of this month’s “Economic Commentary and Indicators” and “Economic Calendar” using the link below.