Mortgage rates continued the summer swoon due to weaker economic data. While economic growth is clearly slowing due to rising manufacturing and trade. Average commitment rates should be reported along with average fees and. in this document are those of Freddie Mac's Economic & Housing Research group,
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Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects or expected results, and are subject to change without notice.
U.S. Economic Outlook for 2018 Must Contend with Approaching Recession The U.S. economy looks pretty good right now. U.S. GDP growth has topped three percent for two consecutive quarters. The stock market looks as robust as ever, smashing new records in all major indices.
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EBRC-exhibit-1-Arizona-economic-outlook-2019-q2-v2.png While arizona job growth picked up some steam last year, it did not translate into much improvement in the state’s unemployment rate. In 2018, the average unemployment rate was 4.8%, compared to 4.9% in 2017.
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