Total Mortgage | Market Outlook 11.27.17

After a slow holiday week, things are picking back up We've got several important economic reports scheduled for release, including the second estimate for third quarter GDP, Personal Income and Outlays, and the ISM Manufacturing report

The Federal Reserve will also be in focus this week with Fed chair nominee Jerome Powell and current Fed chair Janet Yellenboth going before Congress Powell will be there for his confirmation hearing, while Yellen will testify on the state of the economy Of course investors will also be keeping an eye on the GOP tax bill The Senate is expected to vote later this week, and if the bill passes, we would likely see some upward pressure on mortgage rates The bottom line is that there's a lot going on this week, so we could see rates adjust several times

It's hard to hang your hat on any given outcome, but we do think that the long-term trend is for rates to rise, so borrowers should lock in a rate sooner, rather than later Visit totalmortgagecom for a personalized rate quote or for more information on current mortgage rates Thanks for watching Be sure to like this video and subscribe to our channel for the most up-to-date market outlook from Total Mortgage

Source: Youtube

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