The housing data is already shockingly strong (on top of the good news covered here the last few days, we just discovered that the housing supply shrunk from 5.1 months to 4.8 months). Now, on top of that, we have strong job data, with the four-week moving average on initial claims for state jobless benefits hitting the lowest level since December — 1973. With these data and Europe slightly weakening, it’s entirely possible that the Fed will raise rates in December.

 

1973

 

 


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Crowder Mortgage

Jim Crowder

1434 Spruce Street

STE 100

Boulder, CO 80302


877.762.4375

303.243.3918