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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (3776)	12/4/2001 1:02:44 PM
From: Ahda	Respond to of 24758

This is something to ponder about in the wake of increased consumer spending. Rob Peter pay Paul, but construction figures have increased I can't figure it out i am glad AG can. ttp://news.ft.com/ft/gx.cgi/ftc?pagename=View&c=Article&cid=FT3KRRMWSUC&live=true&tagid=ZZZOMSJK30C&subheading=US Mortgage payment rates slip in face of recession By Abigail Rayner in New York Published: December 4 2001 00:18 \| Last Updated: December 4 2001 00:50 US homeowners struggled to make their mortgage repayments in the third quarter as job losses rose and the US recession took its toll, the Mortgage Bankers Association said. The association's survey of 32m homes and 130 lenders showed almost a quarter-point increase in delinquencies in the third quarter, to 4.87 per cent. "The weakening GDP and job losses in the technology and manufacturing sectors have affected homeowners' ability to keep their mortgage payments current," said Douglas Duncan, MBA's chief economist. PERSONAL INCOME AND OUTLAYS: OCTOBER 2001 Personal income decreased $3.2 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $128.4 billion, or 1.7 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $203.6 billion, or 2.9 percent. In September, personal income decreased $2.0 billion, or less than 0.1 percent, DPI decreased $89.5 billion, or 1.2 percent, and PCE decreased $118.2 billion, or 1.7 percent, based on revised estimates.