Economic Updates and Rate Volatility


Mortgage rates remain constant at median historic levels and the rate volatility is extremely LOW.

Consumer spending rose slightly in June, but there was little sign of inflation as personal consumption expenditures barely moved. No inflation is GREAT FOR RATES.

The labor market coninues to tighten, with fewer jobless claims and layfoffs last week.

Mortgage applications fell slightly this week, down 2.8%.  However, purchase applications were 9% higher than the same week a year ago.

This information was provided Marketplace Home Mortgage LLC.

Warmest Regards,

Kevin Aizenshtat
[email protected]


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