Monday Mortgage Rates 8-26-13 Durable Goods Orders Down 7.3% In July
By Mike Hendrickson, Fine Homes, Short sales, excellent client services
(Premier Agent Network)
Durable goods orders were down in July by 7.3%! This ties in with the new home sales in July down 13.4%! This is just more proof to us here at www.myslohomefinder.com that the raising of interest rates will slow the economy and may even push us back into recession! Go to www.myslohomefinder.com for all your San Luis Obispo County home search needs! The Week Ahead:More Data Than Last Week New Factory Orders for durables in July dropped a huge -7.3 % after jumping 3.9 % the month before. Analysts forecast a -4.0 % drop for July. Tuesday: Consumer Confidence, Prior 80.3 , Consensus 78.0 Wednesday: Pending Home Sales Index, Prior -0.4%, Consensus-1.0% Thursday: GDP, Prior 0.7%, Consensus0.7%. Jobless Claims, Prior 336K, Consensus330K Friday: Consumer Spending, Prior...