Clients & Friends,
Happy Friday! Please don’t forget to RSVP for the event on Monday morning at 8:30am. RSVP at www.DesertFHA.com The flyer is attached. Thank you if you’ve already RSVPed. I’ve got your seat reserved.
Market Update
New Home sales for June were reported at 530,000--which was far better than expectations of 505,000. In addition, Orders for Durable Goods came in well above expectations and the Consumer Sentiment Index shocked the markets with a very robust reading.
The positive readings are helping to strengthen the US Dollar and even lower Oil prices. As a result of these shifts, a Fed rate hike may be on its way in within the next few months--though probably not at next week’s Fed meeting.
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