Last week’s economic reports included readings from Case-Shiller on home prices, pending home sales data and the post-meeting statement announcement from the Fed’s Federal Open Market Committee were released. Labor sector reports on jobs and the national unemployment rate were also released. Weekly readings on mortgage rates and initial jobless claims were also published. Case-Shiller: Home Price Growth Slows in August Home price growth slowed by 0.20 percent in August for the first … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 28th, 2019
Last week’s economic news included readings on sales of new and previously-owned homes and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released. New Home Sales Dip in September Commerce Department readings indicated fewer sales of new homes than in August. 701,000 sales were reported in September on a seasonally-adjusted annual basis; 706,000 new homes were sold in August and analysts expected 700,000 sales of new homes. Sales fell by … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 21st, 2019
Last week’s economic reports included readings from the National Association of Home Builders on builder confidence in housing market conditions, Commerce Department readings on housing starts and building permits issued. Weekly readings on mortgage rates and first-time jobless claims were also reported. Builder Confidence in Housing Markets Rises The NAHB Housing Market Index rose in October from September’s index reading of 68 to 71.Home builders were confident in market conditions … [Read more...]
What’s Ahead For Mortgage Rates This Week – October 15th, 2019
Last week’s economic releases included readings on inflation, an essay from Dallas Federal Reserve President Robert Kaplan and the monthly consumer sentiment index. Weekly reports on mortgage rates and new jobless claims were also released. Inflation Flat in September Inflation did not change in September; August’s reading showed 0.10 percent growth, which matched the July reading. Falling gasoline prices caused the flat reading. Analysts said that cooling inflation may prompt … [Read more...]
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