24 Dec 2018
By noelkelman

What’s Ahead For Mortgage Rates This Week – December 24th, 2018

Financial Reports, ,
Last week's economic news included readings from the National Association of Home Builders, Commerce Department readings on housing starts and National Association of Realtors® report on sales of previously-owned homes. Weekly reports on mortgage rates and first-time jobless claims were also released. NAHB: Home Builders Lose Confidence as Housing Crunch Continues Homebuilder confidence fell to a 36 month low in December as homebuilder concerns over rising home prices, high mortgage rates and decreasing inventories of available homes sidelined home buyers. The NAHB Housing Market Index fell four points to 56. Components of the Housing Market Index reading also fell as…
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10 Dec 2018
By noelkelman

What’s Ahead For Mortgage Rates This Week – December 10th, 2018

Financial Reports, ,
Last week's economic reports included readings on construction spending and Labor Department readings on private and public jobs growth. The Consumer Sentiment Index was released along with weekly readings on mortgage rates and new jobless claims. Construction Spending Slows in October Residential construction slowed in last month as public works projects increased. Private sector construction spending fell by -0.10 percent as compared to expected growth of 0.30 percent and last month's negative reading of -0.10 percent. Construction spending for October was $1.309 billion on a seasonally adjusted annual basis as compared to September's revised reading of $1.311 billion. Overall construction…
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26 Nov 2018
By noelkelman

What’s Ahead For Mortgage Rates This Week – November 26th, 2018

Financial Reports, ,
Last week's economic readings included readings from the National Association of Home Builders Housing Market Index, National Association of Realtors® report on sales of pre-owned homes and Commerce Department readings on housing starts and building permits issued. Weekly reports on mortgage rates and first-time jobless claims were also released. Housing Market Challenges Catch Up to Builder Sentiment According to the National Association of Home Builders, overall builder sentiment fell six points to November's reading of 60. This was the largest decline in builder sentiment since 2016. Ongoing concerns over lot and labor shortages and rising costs of building materials were…
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19 Nov 2018
By noelkelman

What’s Ahead For Mortgage Rates This Week – November 19th, 2018

Financial Reports, ,
Last week's economic news included readings on inflation, core inflation and retail sales. Weekly readings on mortgage rates and first-time jobless claims were also released. Inflation, Retail Sales Rise in October Commerce Department readings for October showed higher inflation and retail sales. Consumer Price Index rose by 0.30 percent and met expectations. September's CPI reading was 0.10 percent. Core CPI, which excludes volatile food and energy sectors, also met expectations with a reading of 0.20 percent growth. September's reading was 0.10 percent. Analysts attributed the highest reading in nine months to higher costs of fuel, rent and used cars. Retail…
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13 Nov 2018
By noelkelman

What’s Ahead For Mortgage Rates This Week – November 13th, 2018

Financial Reports, ,
Last week's scheduled economic news was slim last week. The Federal Open Market Committee of the Federal Reserve issued its post-meeting statement, weekly readings on average mortgage rates and first-time jobless claims were also issued. FOMC: Fed Target Rate Unchanged, but Expected to Rise in December The Federal Open Market Committee of the Federal Reserve announced that it did not raise the target federal funds rate but set the stage for raising the benchmark rate n coming months. The current range for the Fed rate us 2.00 percent to 2.00 to 2.25 percent. The Fed expects to increase rates three times…
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05 Nov 2018
By noelkelman

What’s Ahead For Mortgage Rates This Week – November 5th, 2018

Financial Reports, ,
Last week's economic news included readings for Case-Shiller Home Price Indices, Commerce Department readings on construction spending and the University of Michigan's reading on consumer confidence. Labor sector reports on jobs growth and the national unemployment rate were posted along with weekly readings on mortgage rates and first-time jobless claims. Case-Shiller: Home Price Growth Lowest in 20 Months; Construction Spending Falls Home price growth hit its lowest pace in 20 months according to Case=Shiller's 20-City Home Price Index for August. Home prices grew by 5.80 percent year-over-year as compared to July's growth rate of 6.00 percent. Analysts said that slowing…
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29 Oct 2018
By noelkelman

What’s Ahead For Mortgage Rates This Week – October 29th, 2018

Financial Reports, ,
Last week's economic news included readings on sales of new homes and pending home sales. A reading on consumer sentiment was also released along with weekly reports on mortgage rates and new jobless claims. Sales of New Homes Slide to Near 2 – Year Low According to Commerce Department readings on new home sales, the pace of sales slipped close to a two-year low in September; new homes sold at a seasonally-adjusted annual pace of 553,000 sales. September's reading was 5.50 percent lower than for August and was 13.20 percent lower year-over-year. Analysts expected a reading of 620,000 sales; August's…
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