Mortgage Rates Are Rising Energy Prices Are High Inflation Coming

Mortgage rates are rising – Energy prices are high – Inflation coming?
Mortgage rates are rising as​ the​ markets believe the​ Federal Reserve will raise the​ interest rates higher .​
Rates on​ 30 year mortgages hit a​ high of​ 6.67% .​
This is​ the​ highest rate in​ the​ last four years.
The housing market has been slowing down after five tremendous years .​
the​ rising mortgage rates greatly affect the​ ebb and flow of​ the​ nations housing inventory .​
Some analysts believe that sales will decline 10% decrease in​ sales as​ the​ interest rates rise .​

In the​ Philadelphia area,​ economic conditions improved .​
Business activity is​ improving also .​
Manufacturing is​ improving at​ a​ slower pace .​
Retail Sales increased from April to​ May and is​ expected to​ continue unless higher gas prices slow the​ overall consumer spending .​
Lending for both consumers and commercial accounts rose in​ May.
The Fed Chief,​ Ben Bernanke,​ stated that consumer prices are racing forward at​ an​ annual rate of​ 5.2% .​
the​ rise for all of​ 2018 was 3.4% .​
High energy costs affect the​ economy in​ so many ways .​
the​ economy is​ flexible and seems to​ have absorbed shocks of​ the​ past years.
Greenspan was such an​ influence on​ markets that his replacement must create his own reputation for effective and decisiveness .​
I​ am hoping the​ flexibility of​ the​ market continues and we avoid economic slowdown and inflation.
Mortgage Rates Are Rising Energy Prices Are High Inflation Coming Mortgage Rates Are Rising Energy Prices Are High Inflation Coming Reviewed by Henda Yesti on July 03, 2018 Rating: 5

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