Tuesday, August 28, 2007

Numbers Due Out This Week

Monday: Existing Home Sales for July at 10:00 ET, expected 5.70 million, June 5.75 million.

Tuesday: Conference Board Consumer Confidence for August at 10:00 ET, July 112.6

Thursday: 2nd quarter preliminary GDP (second release) at 8:30 ET, prior (adcanced) +3.4%.

Friday: Personal Income for July at 8:30 ET, June +0.4%. Personal Expenditure for July at 8:30 ET, June +0.1%. PCE Core Chain Weight Price Index for July at 8:30 ET, June +0.1%. Chicago Purchasers Index for August at 9:45 ET, expected 53.0, July 53.4. University of Michigan Consumer Sentiment for August at 10:00 ET, expected 82.5, July 83.3. Factory Orders for August at 10:00 ET, July +0.6%.

What do you think? Will Bernarke and his committe lower the Fed Fund Rate? The next scheduled meeting is September 18. Did you know the Federal Reserve Board meets at least 8 times each year? Ok, True or False: When the Fed raises rates, long-term mortgage rates follow by also moving up.
False. Mortgage rates rise and fall in response to many economic factors, of which Fed rate policy is just one.

Search the MLS for Ventura County Real Estate at:
http://www.hopegoss.com/

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