Posted To: Pipeline Press

Remember a month ago, heading into the July 4th weekend, a resurgence of Covid-19 cases (which many officials attributed to large Memorial Day gatherings) resulted in mask-wearing mandates as well as rollbacks and delays in phased reopening plans. (Speaking of the virus, we wish loanDepot’s Anthony Hsieh a continued welcomed recovery from its impact.) Economic data has sure been a mix of positive and negative, with sentiment based on news of the virus. Potential new setbacks weighed on analysts’ outlooks for the coming months as economic activity is seen slowing again in the states with the highest new cases. It remains to be seen whether the V-shaped recovery will turn into a W-shaped recovery, or perhaps a sawtooth pattern. Recall that the minutes from the June 9-10 FOMC meeting…(read more)

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Source: Mortgage News Daily