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Mixed Retail Sales Data; Construction Sector Strengthens Overview: Over the past week, a limited trade deal with China was negative for mortgage rates, while the economic data caused little reaction. As a result, rates ended the week higher. With additional tariffs set to go into effect on December 15, investors were on the lookout late last week for signs of progress in the trade talks between the U.S. and China. Given this, Friday's announcement that the two sides had reached a limited "phase one" trade agreement, which will reduce tariffs, was not entirely unexpected. It clearly was an unfavorable outcome for mortgage rates, though, since tariffs and other recently imposed trade barriers have slowed global economic activity. Faster economic growth raises the outlook for future inflation, which is negative for rates. Friday's report on consumer spending in November was somewhat disappointing, especially in light of the important holiday shopping season. It revealed that retail sales in November rose just 0.2% from October, well below the consensus forecast for an increase of 0.5%. However, its impact was small since this year's late Thanksgiving date likely pushed forward some shopping into December. Retail sales still were a solid 3.3% higher than a year ago. Since a lack of inventory has been holding back home sales activity in many regions, the latest reports hinting at faster construction were welcome news. In November, housing starts showed solid improvement from October and were 14% higher than a year ago. Building permits, which are a leading indicator of future construction, increased to the highest level since May 2007. In addition, the National Association of Home Builders (NAHB) housing market survey showed that home builder confidence jumped to 76, far above the readings near 60 seen a year ago, and the highest level since 1999. December 19 — Existing Home Sales report December 20 — Core Personal Consumption Expenditures (PCE) Price Index December 23 — New Home Sales report News about the impeachment inquiry or the trade negotiations with China could influence mortgage rates. Trading volume in mortgage markets often is very light during the last couple of weeks of December, which can lead to increased volatility. Contact me to discuss how I can help your clients with their mortgage needs. Share this article:

James P. Anzano NMLS #209792 Glendenning Mortgage Corporation 81 E. Water Street Toms River, NJ 08753 732-240-7227 EMAIL ME Visit my website

Annual BACCF Membership Drive Just by being a BACCF member, your company immediately starts benefiting from the visibility our online tools offer chamber members. When sponsoring a BACCF event or advertising with us, your company’s exposure is even more strategic. Advertise with us and reach your target audience. And don't forget to refer new members to receive Chamber Bucks! Learn more Visit our Membership Directory Meet our Trustee Members Meet our Patron Members Refer a New Member Today 50,000 email recipients $350 per eblast 10,000 website daily hits Prices starting at $450 per eblast 300+ members approved by the Board of Directors 20,000 followers on social media 38 years of market experience 50+ yearly events Review Membership Benefits Here Refer a new member and receive Chamber Bucks! Details Here About the BACCF The Brazilian-American Chamber of Commerce of Florida (BACCF) is an independent, non-profit business organization founded in 1981. Our mission is to foster business relations and partnerships in order to increase trade and investments between Brazil and South Florida. Upcoming Events  ‌  ‌  ‌ Brazilian-American Chamber of Commerce of Florida | P.O. Box 310038, Miami, FL 33231 09:16 (há 53 minutos) para Sula In June, Brett Kavanaugh, and the John Roberts conservative-dominated Supreme Court, ruled that it and other federal courts cannot and should not limit partisan gerrymandering. It was a disappointing day for our movement and for our country. One former Ronald Reagan official called it "A Day of Sorrow for American Democracy." But the day SCOTUS declined to stand up for fair elections was also a day that reinforced the importance of the work we're doing at All On The Line. The ruling reminded us that ending gerrymandering never depended on one court decision. To truly end gerrymandering we need to do the hard work of organizing. We need grassroots volunteers holding their representatives accountable. We need engaged community members talking to each other about how to reform the process. And we need supportive donors making sure their neighbors have the resources they need in this fight. Can you make a donation to help us end map manipulation in the face of the summer's disappointing SCOTUS ruling? If you've saved your payment information with ActBlue Express, your donation will go through immediately. Express Donate: $15 Express Donate: $35 Express Donate: $50 Express Donate: $100 Express Donate: $250 Or donate another amount As President Obama said, "All On The Line's work at the state and local level has never been more important." But here's what that means for my job: our online fundraising is pivotal to our success. I feel immense pressure to ensure our supporters deliver resources to fund the state and local solutions developed by our State Directors. We can build a grassroots-funded campaign that can overcome the obstacles created by the Supreme Court. But it will take all of us -- can you chip in to support our movement today? Ben Deutsch Digital Advocacy and Fundraising Director All On The Line is the grassroots advocacy campaign supported by the National Redistricting Action Fund.  PAID FOR BY THE NATIONAL REDISTRICTING ACTION FUND.  The depth of the gerrymandering problem in this nation is unprecedented. Almost 60 million Americans live in states where the party that won fewer statewide votes in 2018 holds the majority in at least one chamber of their state legislature. It's time to end this. We have a chance to draw maps in 2021 that actually reflect the political makeup of our communities. But we, as citizens, need to be engaged, much more than we were during the 2011 redistricting process. I believe that we can achieve fair maps through a dedicated grassroots effort -- it's why I support All On The Line. As we head into 2020, a year that will have a significant impact on the future of redistricting, I need you to support the efforts of All On The Line as well. Direct your end-of-year donation to the All On The Line Community Organizing Fund. With your support, local activists will have the resources they need to face the obstacles standing in the way of fair maps. If you've saved your payment information with ActBlue Express, your donation will go through immediately. Express Donate: $15 Express Donate: $35 Express Donate: $50 Express Donate: $100 Express Donate: $250 Or donate another amount To understand the barriers we face, look no further than Scott Walker's recent attempt to defend racial gerrymandering. When criticizing the court decision to redraw maps in Virginia, he failed to acknowledge that the old maps had been racially gerrymandered to dilute the power of black voters. He tried to frame this redraw as a power struggle between political parties, rather than a remedy to a civil rights injustice. Walker's pro-gerrymandering stance is such a revealing look at how map manipulators want to mislead Americans. We need to empower citizen ambassadors for fair maps who are committed to challenging this broken status quo -- through organizing to educate and activate their communities because there's so much at stake. All On The Line has set an end-of-year goal of $100,000 to make this happen. Can I count on you to chip in? I will not stop fighting until the people have an opportunity to elect officials that represent the will of their communities -- because fair maps are essential to restoring our democracy and putting power back into the hands of voters. Thanks for your support, -- Eric H. Holder, Jr. All On The Line is the grassroots advocacy campaign supported by the National Redistricting Action Fund.  PAID FOR BY THE NATIONAL REDISTRICTING ACTION FUND.