The U.S. economy expanded in the fourth quarter at the FASTEST pace in six years, indicating that the recovery may be strong enough to be weaned from government support. Consumer spending rose at a 2 percent pace, more than the 1.8% that economists had expected. Fed Chairman Ben S. Bernanke was confirmed for a second four year term by the Senate. The Reuters/University of Michigan final index of Consumer sentiment rose to 74.4 from December’s 72.5. Now that the economy is showing signs of a recovery, whether it is sustainable or not remains to be seen, it is inevitably going to cause interest rates to climb in 2010. (information provided by: Jim Van Slyck Home Mortgage Consultant Thoroughbred Mortgage, LLC An Affiliate of Wells Fargo Home Mortgage contact Jim at jim.vanslyck@thoroughbredmortgage.com.)
Please contact Stacee @ slm@staceerealestate.com or 914.806.6981 for help with all your Real Estate needs.
Posts
No comments:
Post a Comment