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FIRST TEAM’S WEEKLY MORTGAGE WATCH (September 17th, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:
- Both Retail Sales and Industrial Production headed lower last week, with mortgage rates holding steady in the face of mounting domestic uncertainty.
- The hurricanes, political turmoil, and the potential for a new Fed Chair in February are creating questions for both economic growth and the Fed’s plans for next year.
- While the 3rd quarter does appear to be softer than the previous one, August’s data did sport a little bit of inflation. This coupled with improvements in international economies could begin to create a floor for rates, even if the US economy sputters a bit.
- This week, the Fed meets to