Mortgage Market Update 11/15/18

Mortgage rates inched lower Thursday on concerns about the slowing pace of global economic growth and uncertainty about the British exit from the European Union.  In the U.S., October Retail Sales jumped 0.8%, above the consensus forecast for an increase of 0.5%.  Weekly Jobless Claims came in close to expectations.  The Philly Fed regional manufacturing index fell to 12.9, well below estimates for a reading of 20.0.  Readings above zero indicate expansion in manufacturing in the Philadelphia region.  Stocks moved lower.  No other key data will be released today.

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