Market Commentary | November 22, 2013

By
Mortgage and Lending with Caliber Home Loans, Inc NMLS# 246871

 

by Caliber Home Loans, Inc or special contributors on 11/22/13

Weekly Update | November 22, 2013

 

Mortgage rates worsened this week after the FOMC (Federal Open Markets Committee) released the minutes from their October meeting, stating that Fed-policy tapering may occur in the "upcoming months" while consumer sentiment remains "unusually low". The minutes further stated that while there are several significant risks within the U.S. economy with little economic change since September, economic growth is expected to increase. The FOMC mentioned that while the housing recovery has slowed, fiscal policy is restraining economic growth, as further improvement in the labor markets and a moderately expanding economy may warrant tapering soon.  Read More by clicking here:  Dallas Mortgage Lending Blog

Comments (1)

Kevin A. Guttman-Author, ReverseMortgageSpecialist
NMLS #384936 - Colorado Springs, CO
877-251-9709

David,

I hope we continue to see this trend downward.

Thanks for posting.

Kevin

Nov 22, 2013 06:35 AM