Economic Update

Weekly Mortgage News

Housing starts rose almost 6% last month. Building permits were also up, which is a good sign for future activity. 

Last week’s reports on inflation showed that it remains tame by historical standards, new jobless claims hit a new low and Retail Sales increased for the fourth month in a row.

Bottom Line for Mortgages

Rates did edge higher last week on positive economic news, but they still remain very attractive.

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