Central bankers meet but aren’t skiing in this week’s Markets in a Minute!
Posted by MortgageLender at August 24th, 2017
Rates may be quiet, but housing stats are making moves. Check it out!
Here is a quick overview of this week’s Markets in a Minute
Economy: Mortgage rates stable do to little economic news this week. Low inflation remains a concern. Fed speculated not to raise rates again this year unless inflation rises to around 2%.
Housing News: July new home sales down 9.4% from June. However, May and June numbers revised higher. Median new home prices were up 6.3% over last year.
Stay tuned each Thursday for new Rate, Economic, and Housing updates. For questions and further insight, contact me at the email and phone number below.
If you are looking to purchase a new home, wanting a quick and simple rate and term refinance, or you are needing additional cash for home improvements and or debt consolidation, simply click on the following HERE and begin the Pre-Approval process today!
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