Good morning!

How did everyone enjoy this weekend's weather? A little crazy, but I personally love the rain.
Hope everyone kept warm!

Below we have this week's article for you:

Last Week in the News

According to the Federal Reserve, consumer credit debt fell in July by $21.6 billion,
an annual rate of 10.5%. It was the biggest decline since recordkeeping began in 1943. Economists had forecast consumer debt would drop $4 billion. Total consumer credit
debt in July was $2.47 trillion. Meanwhile, the figures for June were upwardly revised.
Consumers reduced their borrowing in June by $15.5 billion.

The Mortgage Bankers Association said its seasonally adjusted index of mortgage
applications for the week ending September 4 rose 17% to 648.3 from 554.1 in the
prior week. Purchase volume rose 9.5% to 304.1. Refinancing applications increased
22.5% to 2,651.2.

The Commerce Department reported gains in both trade imports and exports, which
indicates that the worst recession since the 1930s may be ending. Imports in July
rose 4.7% to $159.6 billion. It was the largest monthly advance since recordkeeping
began in 1992 and the second monthly increase after 10 monthly declines. Exports
rose 2.2% to $127.6 billion, the third straight monthly increase.

Initial claims for unemployment benefits fell by 26,000 to 550,000 in the week ending
September 5. The figure was lower than the 560,000 that economists had forecast.
The number of people continuing to claim jobless benefits in the week ending
August 29 fell by 159,000 to 6.09 million.

The Reuters/University of Michigan consumer sentiment index for September
increased to 70.2 from 65.7 in August. Economists had forecast a reading of 67.5.

The Commerce Department said wholesalers reduced their inventories by 1.4%
in July, following a revised 2.1% drop in June. It was the 11th straight monthly decline.
Meanwhile, sales at the wholesale level rose 0.5% in July, the third consecutive monthly
gain.

 

If you have any questions about our featured listing, please feel free to contact us!

 THIS WEEK'S FEATURED LISTING:

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470 W Moraga St, Tracy, California

Price: $319,900.00

Beds: 4

Baths: 3

Sq Ft: 3176

Description: Great Floor Plan! Full bed & bath downstairs, kitchen/family combo, formal dining with patio access, bonus room on 2nd level, large master suite & dual control a/c. This is the perfect house; ....

View this property >>

 

Now for your Morning Coffee!