What’s Ahead For Mortgage Rates This Week – November 7, 2016
Last week's economic news included reports on inflation, construction spending, the Federal Reserve's announcement regarding interest rates and several labor and employment related releases. Weekly reports on new jobless claims and Freddie Mac's survey of interest rates were also released. Construction Spending Rises, Fed Holds Steady on Interest Rates, Suggests December Increase Construction spending remained in negative territory for September according to the Commerce Department. The month-to-month reading decreased by 0.40 percent against the expected reading of +0.40 percent and August's reading of -0.50 percent. Approaching winter weather is a likely reason for less spending, but ongoing challenges with shortages…