Mortgage Rates Video Blog [November 6 2018]

By
Mortgage and Lending with Primary Residential Mortgage Inc. NMLS 38783

Mortgage Rates Weekly video Blog for November 6, 2018

Mortgage rates moved lower last week as mortgage bonds experienced the leash effect and rallied higher toward the 25 moving average.   Mortgage bonds did sell off on Friday to end the week with a Red candle on the bond chart and formed a bad technical signal.  We recommend LOCKING your mortgage rate to start the week.  Call 302-703-0727 for a  Rate Quote.  Read the full story at Mortgage Rates Weekly Update [November 5 2018]


In Economic Information:

The October 2018 Jobs Report showed 250,000 jobs created and the unemployment rate remained stable at 3.7% which is a 5 0year low.

GDP for Q3 of 2018 came in at 3.5% for first reading which is down slightly from 4.2% in the second quarter..

 

In Housing News:

Don't miss the next first time home buyer seminar on Saturday November 17 2018 in Newark, Delware at the Christiana Hilton Hotel from 10 AM till Noon.  You can register by calling 302-703-0727 or register online at Delaware Home Buyer Semniars

You can get a list of up coming first time home buyer seminars at the following link:

Home Buyer Seminars

 

If you need help getting pre-approved for a mortgage loan to purchase or refinance a home in Delaware, Maryland, New Jersey, Pennsylvania, or Virginia give us a call at 302-703-0727 or visit us online at Primary Residential Mortgage

Comments (1)

Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Thank you for keeping us posted and up to date. Best of luck!

Nov 06, 2018 09:02 AM