Phil Osborne here with the Lehigh Valley Wealth Center Daily Interest Rate Update. Visit our website at lehighvalleywealth.com and enjoy over 200 hours of free educational content on mortgage financing, real estate investing and wealth building strategies. Our passion is to help people build wealth and enjoy their lives.
Mortgage rates dropped slightly today as mixed economic news was released. The ISM services index a large part of the economy that predicts growth in the service sector reported better than expected results. Initial Jobless Claims were reported at a worrisome 407,000, reaching their highest level since September 2005. The more closely watched four-week moving average rose to 374,500…even worse than the levels seen during the past two recessions. The data suggests a weakening trend in the labor market and an economy that is in a recession.
The current shift in the economy will help smart real estate investors and homeowner’s save and earn thousands of dollars. Now is the time to take action and secure your financial future. So call today to schedule a free mortgage planning consultation at 610.432.6600 or visit lehighvalleywealth.com that’s lehighvalleywealth.com
