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I AM AFFILIATED WITH KELLER WILLIAMS SILICON BEACH

 

My CalBre # is 01882516
My Office CalBre # is 02004120
Each office is independently owned and operated

Market Update From our Trusted Lender

December 14, 2018

 

 

The Fed’s plans to continue raising policy rates next year may be on hold. However, a policy rate hike at next week’s FOMC meeting is still likely. The core consumer price index, which is a key measure of inflation, picked up in November. Inflation could put pressure on mortgage rates to move higher. Un­employment claims fell to a near 49-year low last week. The drop could ease concerns about a slowdown in the labor market and economy.

 

Data for November shows mortgage applications for newly constructed homes were down 14% from October. Applications were also down 11% year over year. Freddie Mac is helping to lower utility bills for hundreds of thousands of low- and middle-income renters. It’s part of their 3-year “Duty to Serve” plan. Freddie and Fannie Mae have announced a nationwide suspension of eviction lockouts on foreclosures for the holidayseason, from Dec. 17 through Jan. 2.

 

Graham C. Wong  |  Vice President – Mortgage Lending  |  Mortgage Capital Partners  | 

 

 

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