Bill’s Bottom Line: Now is a great time to consider refinancing your current mortgage to avail yourself with extra cash. By having extra cash, the consumer will continue to spend money on other items thus helping the economy to recover.
U.S. economy moving sideways again.
Momentum unlikely to pick up much in third quarter
By Jeffry Bartash, MarketWatch
WASHINGTON (MarketWatch) — All evidence points to another slowdown in the U.S. economy and the government is expected to make it official on Friday.
The key economic report of the week, gross domestic product, is likely to show growth fizzled in the second quarter. The U.S. probably grew at a tepid 1.3%, down from 1.9% in the first quarter and 3.0% in the last three months of 2011, Economists surveyed by MarketWatch estimate.
That’s bad news for millions of Americans who still cannot find work several years after the last recession officially ended. Such a slow growth rate reflects an economy incapable of adding jobs fast enough to dramatically lower the nation’s 8.2% unemployment rate.
Yet with the second-quarter now in the rear-view mirror, the more critical question is whether sluggish growth will persist in the third quarter — July through September. The short answer: probably. Click to continue reading article.
Please contact me for information about financing. I can be reached at Bill@billnickerson.com and 978-399-1313