Last week's economic news included readings on sales of previously owned homes and weekly readings on average mortgage rates and new jobless claims. A scheduled report on sales of new homes was not available due to the government shutdown. National Association of Realtors®: Sales of Pre-Owned Homes Lowest in 3 Years Sales of previously owned homes fell in December and failed to meet expectations. 4.99 million pre-owned homes were sold on a seasonally-adjusted annual basis; analysts predicted … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 22nd, 2019
Last week's economic reports included National Association of Home Builders' Housing Market Index, the Federal Reserve's Beige Book report and the University of Michigan's Consumer Sentiment Index. Weekly readings on mortgage rates and first-time jobless claims were also released. Commerce Department readings on housing starts and building permits issued were delayed due to the federal government shutdown, which continued and became the longest government shutdown on record. NAHB: Builder … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 14th, 2019
Last week's economic reports included remarks by Federal Reserve Chair Jerome Powell, readings on inflation and core inflation. Weekly readings on mortgage rates and first-tome jobless claims were also released. If the government shutdown continues, it is expected to impact release dates for readings from federal government agencies. Federal Reserve Watches and Waits on Interest Rates as Inflation Slows Fed Chair Jerome Powell said that the Federal Open Market Committee of the Federal Reserve … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 7th, 2019
Last week's economic reports included Labor Department readings on private and public sector jobs, the national unemployment rate. Weekly readings on mortgage rates and first-time jobless claims were also released. Monthly reporting on construction spending was delayed due to the government shutdown. Public and Private-Sector Jobs Growth Exceeds Expectations ADP reported 271private sector jobs added in December as compared to 157,000 jobs added in November. Analysts expected 182,000 jobs added … [Read more...]
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