• 2018 has thus far delivered solid but unspectacular Economic Recovery.

  • Last week’s Economic data revealed Inflation holding steady while Economic growth simply grinding along.

  • The expected increased in Consumer Spending resulting from the Tax Bill has shown but a few signs that consumers are rushing to spend.

    • The upcoming Retail Sales Data will reveal the willingness of the American consumer to spend.

  • If Retail Sales & Industrial Production post gains (as is expected) we will likely see rate rising.

 

California Makes Solar A New Home Requirement

The California Energy Commission has mandated that by 2020 all newly built homes must have solar panels or access a shared solar-power system. The estimated cost will add an average $16,000 to a new home, which translates to around $40 additional on an average 30-year mortgage. However, it is predicted that the new homes will save an average of $80 per month on monthly heating, cooling, and electricity bills. Other states already have similar mandates being considered.

check out the PDF version of the Weekly Mortgage Newsletter here WNL 5. 14. 2018

WMN- 5.14. 2018