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Rate news plus 3 home selling tips! {Market Report} October 14th

Rate news plus 3 home selling tips! {Market Report} October 14th
October 14, 2019 abryant

 

 

 

 

Is it good if a vacuum really sucks?

When I find it, I don’t need it. When I need it, I can’t find it.

If camera lenses are round, why are the pictures square?

 

Now The Market Report . . .

 

Last week’s manufacturing data left markets feeling that the Fed will cut rates again this month, more than doubling the likelihood to 80+%.

Producer prices fell unexpectedly in September, leading to the smallest annual increase in nearly 3 years. This is also supportive of better mortgage rates.

High level trade talks with China resume this week. If any kind of deal gets done, it could include suspending next week’s planned increase on tariffs.

 

According to a recent survey, consumer sentiment on housing remains strong. Respondents felt it was both a good time to buy and a good time to sell a home

According to data from the Home Mortgage Disclosure Act, mortgage denials have fallen to the lowest rate since the financial crisis and dating back to 2004.

Three minor upgrades that can spruce up a home quickly? Get the most bang for the buck by updating the front door, the mailbox, and the light fixtures.

 

“If everything seems under control, you’re not going fast enough.”


Mario Andrett

 

This week’s potential market moving reports are:

 

Monday, October 14th:           No Reports

Tuesday, October 15th:          No Reports

Wednesday, October 16th:     MBA Mortgage Applications, Retail Sales, Home Builders Index

Thursday, October 17th:         First Time Jobless Claims, Housing Starts, Building Permits

Friday, October 18th:              Leading Economic Indicators

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