Market Update – Mortgage Rates

For the weekending 10/9/2015 —

  • The Labor Market Conditions Index for September was 0, signaling a weakening market. This could help keep rates low.
  • Low inflation and global economic weakness, both good for rates, are a concern to the Fed. Many economists think the Fed won’t raise policy rates until 2016.
  • Weak jobs data last week points to a cooling off of the U.S. economy. While more data is needed to support this speculation, it could be helpful for rates.

Have a nice weekend, Folks!

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