Unemployment rate dropped to 3.9% (lowest in 17 years).
Federal Reserve left its interest rates unchanged and noted that inflation rate has reached 2.0%.
Average Mortgage rates decreased slightly after lower than expected 2Q economic indicators.
Freddie Mac 30 year Average Fixed Mortgage rate is now 4.55% (4.58% on 4/26/2018).
Data from both the Producer and Consumer Price Indices -both out this week – will influence heavily the direction of rates……………..stay tuned
Worth Remembering Quotation
The truth is, everyone is going to hurt you. You just got to find the ones worth suffering for.
Millennials Are The Handiest At DIY?
In an interesting survey from Porch.com, respondents were asked to assess their DIY skills and experience. Millennials appeared to be the most confident and handiest of every generation with 53% reporting that they prefer to handle their own home repairs. However, nearly one in five of this group could not tell the difference between a flathead and a Phillips screwdriver. Baby boomers might be the smartest of us all, as they tend to hire a professional for home repairs.
check out the PDF version of the Weekly Mortgage Newsletter here WNL 5. 7. 2018