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!

This entry was posted in Market Update. Bookmark the permalink.

Contact Us

10529A Timberwood Circle
Louisville, Kentucky 40223
Phone: (502) 425-6345
Toll Free: (877) 373-6345
Fax: (502) 426-4535
info@mortgagenetwork.net

NMLS #6691

Latest Blog Post

Mortgage Market Update 12/13/17

Mortgage rates were little changed Wednesday ahead of today's Federal Reserve announcement.  The Fed will wrap up its ...
Readmore...