What’s up, Real Estate Family! In this week’s mortgage rate update, we dive into the latest trends affecting the market 📉. As of October 18th, the average 30-year fixed-rate mortgage hit 6.75% according to Mortgage News Daily's Index, but unfortunately, things have gotten worse since recording this video. We're now up another eight points. I’ll break down last week’s key economic report—the US Census Bureau’s retail sales report for September—and explain how strong consumer spending 🛍️ is driving inflation 📈 and putting pressure on mortgage rates. Plus, we look ahead to what could move the markets this week. Stay informed, and let’s keep closing deals! Don’t forget to like, comment, and subscribe for your weekly updates.

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📧: Norbert.Gyorfi@NeoHomeLoans.com
📱: 702-758-5626
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Fully amortized 30-year conforming fixed & FHA 30-year fixed scenarios in video is based on a primary resident purchase, owner-occupied, single-family home, 760 or greater mid FICO score, and a 20% down payment. Rates are subject to change.

NEO Home Loans is a registered DBA of Luminate Home Loans, Inc. NMLS#150953. Corporate Headquarters 2523 S. Wayzata Blvd. Suite 200, Minneapolis, MN 55405. This advertisement does not constitute a loan approval or loan commitment. Loan approval and/or loan commitment is subject to final underwriting review and approval.

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