The Weekly Wrap Up - Blackbird Fall Festival

Producer prices recorded their largest decline in eight months, possibly a sign the economy is losing momentum. This raises doubts about a Fed policy rate hike.

Consumer prices dropped in September on cheap gasoline, but prices of other goods increased. Inflation remains low, which is supportive of lower rates.

Conversely, jobless claims were at a 42-year low this week. However, wage growth continues to be a problem, another factor that could support lower rates.

Looking for an afternoon of free family friendly fun?

the Blackbird Creek Fall Festival may be your best bet!
Located at 801 Blackbird Landing Road
Townsend, DE 19734

Saturday 10 a.m. - 4 p.m.
Enjoy face painting, unique vendors, canoeing or kayaking, arts and crafts, a hiking trail, lively music, and much much more!  There will be vendors there selling food and plenty of space for you and your party to have a picnic!  Help keep this tradition alive! The Blackbird Creek Fall Festival started in 2007 and has been providing the community in Delaware, Maryland, and Pennsylvania with a day of fun and learning since!  For more information, click here.

Last week saw mortgage applications spike ahead of implementation of TRID regulations. This week saw purchase mortgage applications fall by 34%.

More inventory may soon be hitting the housing market. Bank repossessions of foreclosures jumped 66% year-over-year in the third quarter.

A recent index shows residential property values increased 5.5% year-over-year in August. Many markets still have room to rise before reaching 2006 peak levels.