FIRST TEAM’S WEEKLY MORTGAGE WATCH (OCTOBER 8TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:
•Mortgage rates managed to increase again last week, on a robust 1.6% increase in Retail Sales and some
upward inflationary pressure.
• While the increase in Retail Sales was welcome, the core reading rose by only 0.5%. While the core reading
has only hit this mark once in the last 8 months, it comes on the heels of a decrease in August’s reading.
• Upstream inflationary pressures did flare upward some, but we’ve yet to see any of these increases passed along
• All-in-all, we continue to power forward in a somewhat baffling and unchartered territory. Solid growth
hasn’t generated significant inflation, and we’re about to start history’s first