The Weekly Wrap Up - The Not So Scary News!

Solid domestic consumer demand helped 3rd quarter GDP estimates to increase 1.5%. Strong economic news can lead to higher rates.

As expected, the Fed did not raise policy rates at this month's FOMC meeting. However, the statement contained language making a hike in December possible.

The four-week average for jobless claims is the lowest since 1973. A strong labor market helps strengthen the economy and could lead to higher rates.

Boo-B-Que by the Sea!

Friday Oct. 30th - Saturday Oct. 31
39415 Inlet Road
Delaware Seashore State Park
Rehoboth Beach, DE

This is a family oriented two day event that will include live music entertainment, craft, food and beverage vendors, rides and games, and more!  There will also be several competitions including Halloween decor competition, a costume contest, a wing competition, and of course, a youth and adult BBQ competition.  In state cost to get into the park is $5, out of state is $10.  Those with a seasonal state park pass are free!  Enjoy a great time and great food! Read more about the event here.

Have a fun and safe Halloween everyone! It looks like the weather here in Delaware, Maryland, and Pennsylvania will be perfect trick or treating weather and other Halloween events!

New home sales fell in September after two straight months of gains. However, the drop is seen as temporary, and demand for housing remains strong.

In fact, the homeownership rate rose between July and September, the first rise after 7 quarterly declines. Buyers under 35 years old had the highest increase.

First time homebuyers are depending less on gift funds for down payments. More young buyers are using personal savings for down payments and closing costs.