Phil Osborne here with the Lehigh Valley Wealth Center Weekly Mortgage Market Update. Mortgage interest rates edged lower this week due to poor economic news in manufacturing, employment, and overall consumer confidence which reached its worse level in over 26yrs. Strong Foreign demand for government securities and bonds was also a contributing factor to lower rates. Inflation continues to be a problem however as food and energy prices continue to climb. If inflation risks subside mortgage rates could fall considerably in the coming months giving many home owner’s opportunities to save thousands. Are you interested in building wealth, investing in real estate, or just want to get out of debt and pay off your mortgage? Tune in this Sunday at 7:30am right here on WAEB 790 am for our radio show “Lehigh Valley Wealth”. This week we will be taking your calls and e-mails answering all your questions related to mortgage financing, wealth building, real estate investing, credit and much more! So listen in and call us at 610.432.6600 610.432.6600 or visit lehighvalleywealth.com that’s lehighvalleywealth.com
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