Inside the Economy: Post-election economy, Mortgage Market, and Tariffs

SHJ Wealth Advisors

This week on “Inside the Economy”, we evaluate the post-election economy, changes in the mortgage market, and the future of deficit spending. Jobless claims remain consistent year-over-year, and the personal savings rate has normalized. Regarding wages and salaries, they have been decreasing year-over-year. Are consumers concerned that inflation will outpace their wages? Meanwhile, mortgage rates have increased in October and November. What is the current volume of mortgage refinance applications? Tariffs currently account for two percent of net federal receipts, while individual income taxes and social insurance taxes make up the majority. If more tariffs are enacted, what is the projected impact on future net federal receipts. Tune in to learn more! Key Takeaways: • ISM Services at 56.0 • 30-year Mortgage at 6.79% • Personal Saving Rate at 4.6% in September