Friday, November 22, 2019
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Phil Joseph
Branch Manager
Sr. Mortgage Loan Originator
Over 25 Years' Experience
American Pacific Mortgage
Rancho Bernardo Branch
11770 Bernardo Plaza Court #451
San Diego California 92128

Direct: 619.507.3558
Fax: 858.430.2557
Email: Phil@PhilJoseph.com
Website: www.PhilJoseph.com
NMLS# 249549
Company NMLS# 1850
 
Licensed in California by the Department  of Business
Oversight under the Residential Mortgage Lending Act 417-0015 
 
American Pacific Mortgage may not be the lender for all products offered on this website. Some loans may be made by a lender with whom American Pacific has a business relationship. Equal Housing Opportunity.
 
Phil Joseph
Branch Manager
Sr. Mortgage Loan Originator
Over 25 Years' Experience
American Pacific Mortgage
Rancho Bernardo Branch
11770 Bernardo Plaza Court #451
San Diego California 92128

Direct: 619.507.3558
Fax: 858.430.2557
Email: Phil@PhilJoseph.com
Website: www.PhilJoseph.com
NMLS# 249549
Company NMLS# 1850
 
Licensed in California by the Department  of Business
Oversight under the Residential Mortgage Lending Act 417-0015 
 
American Pacific Mortgage may not be the lender for all products offered on this website. Some loans may be made by a lender with whom American Pacific has a business relationship. Equal Housing Opportunity.

Market Commentary

Updated on November 22, 2019 10:25:51 AM EST

Today’s relevant economic report was November’s revised University of Michigan Index of Consumer Sentiment. It came in at 96.8, up from the preliminary reading two weeks ago and a little higher than forecasts. The higher reading means more surveyed consumers felt better about their own financial situation than did last month. Because rising sentiment usually means consumers are more willing to spend money, we should consider this news slightly negative for mortgage rates.

Next week has a handful of relevant economic reports for the markets to digest, including one that is of elevated importance. All of the data will be posted over two days though due to the shortened holiday week. Look for details on all of next week’s activities in Sunday evening’s weekly preview.

 ©Mortgage Commentary 2019

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