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Mortgage Market Update 10/19/18

Mortgage rates inched lower Friday in volatile trading as stocks moved higher.  This morning, the National Association of Realtors reported September Existing Home Sales fell 3.4% to an annual rate of 5.15 million units, well below expectations.  Sales were 4% lower than the same period last year.  The national median home price rose 4.2% to $258,100.  No other key economic data will be released today.

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