Mortgage applications fell 5.8% on a seasonally-adjusted basis from one week earlier for the week ending December 14th, 2018, according to data from the mortgage bankers association’s (MBA.
Interest Rates Fall as Car and Mortgage Growth Slows for CUs. "We’re seeing a slowing of U.S. economic growth, but the pace of growth is still healthy and economic fundamentals, especially.
The complete Georgia Economic Outlook forecast is available for purchase online. and wholesale trade,” he said. “Positive, but slow job growth will occur in utilities, information and government.”.
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Although mortgage applications slightly increased last week, mounting economic tension continues to worry potential buyers, according to the Mortgage Bankers Association. "Coming out of the Memorial Day holiday, and likely impacted by the financial market volatility caused by the trade tensions, purchase application volume declined for the week," MBA Senior Vice President and Chief.
County Preparing to Borrow Even More Money to Pay Cavs for Arena Repairs Plans for a Quicken Loans Arena renovation are now moving forward, as the Cleveland Cavaliers have affirmed their commitment to the project. Late last month, amidst a push to make the City of Cleveland’s financial contribution the subject of a voter referendum, the Cavaliers announced that they would withdraw their participation in a proposed $140 million renovation of the arena.
Investors continued to show a preference for safer U.S. Treasuries, as concerns over U.S. and global economic growth, along with uncertainty over the current government shutdown, drove rates lower," said Joel Kan, MBA’s Associate Vice President of Economic and Industry Forecasting.
The entire market is represented by the Market Index which covers all mortgage applications during the week, whether for a purchase or to refinance. This page provides – United States MBA Mortgage Applications – actual values, historical data, forecast, chart, statistics, economic calendar and news.
But uncertainty amplifies the original blow, because businesses hold back on investing and hiring, which depresses economic activity even more. Uncertainty also undermines productivity growth, which is the bedrock of economic growth, because it slows the reallocation of capital to more productive uses.
The M.A. in Economics program was established in the mid-1960s but has recently made changes to ensure that the program is focused on training students to conduct applied economic research and decision analysis using current methodologies.
Based on all this, the optimistic projection for 2019 is that overall growth will remain positive but slow from rates achieved in 2017 and 2018. The pessimistic projection for 2019 is that continued trade disputes, gradually rising interest rates, debt overhang and economic uncertainty will come together to tip the global economy into recession.
Impact of a Slow Economy. During an economic slowdown, many small businesses face a number of challenges. Consumers become concerned about their job stability and, in turn, are more likely to be.
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