Mortgage Market Update 11/22/17

Rates inched lower Wednesday as newly released economic data came in close to expectations.  October Durable Goods Orders fell 1.2%, well below the consensus for an increase of 0.5%.  However, excluding the volatile transportation component, orders rose 0.4%, slightly more than expected.  Weekly Jobless Claims fell to 239,000, matching forecast.  Consumer Sentiment rose to 98.5.  A reading of 98.0 had been expected.  Detailed Minutes from the November 1 Fed meeting will be released at 2:00 PM.  Happy Thanksgiving!

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