Michael Moran
Michael Moran
area coming cyclical housing information latest lower mortgage moved rates recently respond shows
Mortgage rates have moved lower recently and housing could respond in coming months. But the latest information from this cyclical area shows some moderation.
additional average basis increased mortgage points rates
Mortgage rates have increased an additional 35 basis points from their average in the first quarter,
early federal funds growth increase looking low moved primary push rate reason starting wages warning
I am looking for a 25-basis-point increase in the federal funds rate. The primary reason is because the unemployment rate has moved to a low level, and that low unemployment rate is starting to push the growth of wages higher. That is an early warning sign.
demand economy effect higher increases influences interest job meaning picking positive puts rate rates rather small
When rate increases are demand-driven, meaning there are other, positive influences going on -- job growth, demand picking up, etc. -- in that case, the effect of higher interest rates is a small dampening, rather than one that puts the economy at risk,
changes federal influences rate reserve
Without question, the rate changes by the Federal Reserve will have influences on peoples lives,
encouraged fed move somewhat
The Fed will be encouraged by this, and it dampens somewhat the probability of a Fed easing, ... but I would still look for another move in December.
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The consumer sector has been on of the strongest in the economy, and that's the sector that (Federal Reserve chairman Alan) Greenspan worries about.
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The consumer sector has been among the strongest in the economy and I think that's the area that (Fed Chairman Alan) Greenspan and company are really worried about.
build cycling facilities temporary viable
It's very viable to build temporary facilities for things like cycling and swimming.
activity backing conclude housing last levels means robust saw spring summer
What I would conclude is that we are backing away from the robust levels of housing activity we saw in the spring and summer of last year, but there is by no means a swoon going on in housing activity just yet.
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As far as the village is concerned, we'll preserve the status quo based on official county records.
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A nomination does not mean it will have clear sailing to being listed. What gets listed on the national register, unfortunately, is subject to the will of the governor's office.
face good reading upside
This is an especially good reading because I think that we face significant upside risks.
situation
The situation has improved, but we're still not where we want to be.