Monthly Economic Commentary and Indicators
for Mortgage Industry Third Party Origination Professionals
The Mortgage Economic Review summarizes recent Key Economic Indicators, Data, and Events that are important to Mortgage and Real Estate Professionals.
As we progress into the second half of 2020, people can’t wait for 2020 to be over, and for life to return to normal. Baseball and Hockey just started with abbreviated seasons, and we’ll see what happens to Football. Despite the news on mass media, there is encouraging data on the Economy and Covid. The Economy is on a steady recovery track – Employment is increasing, Consumers are spending, and people are getting out more. Even though there have been several Covid spikes, the good news is that the mortality rate has dropped dramatically as doctors learn how to treat it. In the meantime, the Fed continues to do “whatever it takes” and provide an accommodative Monetary Policy. Congress is hammering out another stimulus package. Mortgage Production is going gangbusters with Refi and Purchase loans…and
the Housing Market is red hot.
Read the full version of this month’s “Economic Commentary and Indicators” and “Economic Calendar” using the link below.