Mortgage Market Update 11/8/18

Rates held steady Thursday ahead of this afternoon’s Fed announcement.  The Federal Open Market Committee will release a policy statement at 2:00 PM.  No rate changes are expected, but investors will be watching for clues about the pace and timing of future increases.  In economic news, weekly jobless claims fell to 214,000, in line with expectations.  Mortgage Network is now offering reverse mortgages available to homeowners age 62 and over.

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