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Your Weekly Brief
Brought to you by Brady Spangler of Axia Home Loans
October 19, 2015
      

Mortgage prices were relatively flat last week as mixed economic data and fears of a global economic slowdown has helped keep mortgage rates at low levels.


•The minutes from the Fed meeting on Sept 16-17 were recently released. The Fed thought the economy was close to warranting an interest rate hike in September but decided it was prudent to wait.


•Economic data out of the U.S. was weaker than expected for both the Producer Price Index (PPI) and Retail Sales.


•This week, the calendar slows down with only a couple of housing related reports later in the week. Investors will be focused on overseas news, third quarter corporate earnings, and the stock market reaction. Weaker stocks will benefit the bond market.


SOURCE: Reuters

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