Market updates and breaking news

Quarterly 1 GDP shows growth of 1.6% instead of the 2.5% estimated.

Used care prices fell .1 year over year and fell .8% in February. Car sales play into inflation numbers

Bonds are a little down right now so we recommend locking at the moment Congressional Budget Office says the deficit is no 1.6 T. They think it will increase 60% in the next 10 years if nothing was added. That is extremely unlikely.

Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.

The big news this week is that the Feds are meeting in Jackson Hole, Wyoming for their big symposium

It’s been a rough week for mortgage rates. I know we are all feeling it.  HANG IN THERE!