Kristen Fowler Group

Call Us!

714-693-1180
Putting Families & Homes Together Since 1989

Weekly Mortgage Update: October 30th 2017′

October 31, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – OCTOBER 30, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (OCTOBER 29TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates moved upward last week, as economic news continued to point toward improving economic conditions.
  • For the first time since 2014, GDP posted back-to-back increases of 3.0% or better.
  • New Home Sales blew by expectations, growing 18.9%. Additionally, announcements from the European Central bank bolstered the view that their economy is also on a solid recovery track.
  • This week is a big week for economic data and events. Consumer Confidence, ISM Index, and the monthly employment report are all due against a backdrop of a Fed meeting and the potential for an announcement of the next Fed Chair.
  • There is almost zero expectation of any change in interest rates from the Fed, buts odds for a December increase have moved to nearly 100%.
  • After last month’s surprise drop in new jobs for September, many analysts are expecting a significant revision upward into positive territory or an outsized increase in new jobs for last month.
  • If that fails to materialize, then we may see any upward rate trajectory slowed, and market optimism muted somewhat.

PLAN NOW TO AVOID THE DOUBLE WHAMMY

This hurricane season provided a painful reminder that things don’t always go as planned. Sadly, many people only discover what their homeowners’ policy doesn’t cover after they need to make a claim. From natural disasters to sewer backups to rotten odors, it’s best to know where the gaps are in your coverage and fill them, before you need it.

You can follow any responses to this entry through the RSS feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Tagged , , , , ,

Leave a reply

  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

    18180 Yorba Linda Blvd.
    Suite #501
    Yorba Linda, CA 92886
Connect with me: