Retail Sales Surprises! Mortgage Market Update

Mortgage and Lending with Summit Mortgage Corporation #1041

Our markets were impacted by the news! First, there was some good news on the economic front in the U.S. as Retail Sales for September rose by 1.1%, above the 0.6% expected and the highest increase in seven months. Remember good economic news typically benefits Stocks at the expense of Bonds (including Mortgage Bonds, to which home loan rates are tied), as investors move their money from the safety of Bonds into Stocks to try and take advantage of gains. Read more...Retail Sales Surprises Mortgage Market Update


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Peter Boyle