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.
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