Mortgage Rates Video Blog [November 18 2018]

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

Mortgage Rates Weekly video Blog for November 18, 2018

Mortgage rates hit a year high in early November but last week started to finally move lower.  Mortgage bonds are testing the 50 day moving average after breaking through the 25 day moving average so we recommend FLOATING 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 18 2018]


In Economic Information:

Stock Market sold off in October then recovered some of the losses at the beginning of November but last started to sell off again.  The big reason is Stock investors are starting to see signs that the economy might be heading for a recession in 2020.  This is benefiting mortgage rates.

Consumare Price Index for October showed that inflation remains tame which will make it tough for the Federal Reserve to continue raise the short term interest rates.

 

In Housing News:

Don't miss the next first time home buyer seminar on Saturday December 15, 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 (2)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Thanks for the information about mortgage rates - Happy Thanksgiving! 

Nov 20, 2018 06:39 PM