The Weekly Wrap Up - A Community Favorite; Wilmington Beer Week

October's jobs report supports speculation the Fed will raise policy rates at the December FOMC meeting. Unemployment improved and job growth surged.

Steady jobless claims this week were further evidence of a healthy labor market and the growing likelihood of the long anticipated Fed policy action.

Mortgage rate markets are already moving in advance of the December Fed meeting. Increases so far are small and can actually motivate buyers to action. Wilmington Beer Week Friday Nov. 13th & Saturday Nov. 14th It is not too late to catch the end of Wilmington's 5th Annual Beer Week!  The week­long celebration will showcase a WBW-record 61 craft brew­eries while featuring din­ners, tap takeovers, meet the brewers and more. Delaware breweries will be promi­nent in that lineup, so look for the latest creations from 16 Mile, 2SP, Dogfish Head, Evolution, Fordham, Mispillion, Third Wave and Twin Lakes. Top regional brew­eries represented include Flying Fish, Heavy Seas, Lancaster, Stoudts, Troegs, Victory and Yards.  This is a great opportunity for residents in Delaware, Maryland, and Pennsylvania to have a fun and relaxing evening! For more information about times and schedules please click here.

Encouraging potential buyers to move off the fence, rents are increasing in all price brackets. Rents rose an average of 6.2% year-over-year.

A 12% rise in foreclosures in October is attributed to lenders acting before the holiday moratoriums. Foreclosures have been declining steadily for several years.

Purchase mortgage applications appeared unfazed by the recent climb in rates, improving .1% week-to-week. That's an 18% increase over this week last year .