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DFW Mortgage Market Update July 29th, 2017

This past week was full of news and events, including the Fed meeting, initial job claims, and a stock market rally.

The Fed did not raise the rate and will be stable for now, but we are looking at an increase possibly in September, The GDP was revised lower, we are at a 1.9% growth which is slower than anticipated. The job market continued to be strong, and for a record 125th week we remained below 300k jobless claims, which is the best in 47 years.

This week there was some volatility, but the leading factors leveled out for the week. Looking forward, we are in a good range, but there will be some news next week that may add stress to the markets.

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