Last week’s economic reporting included readings on construction spending and labor sector readings on jobs and unemployment. Weekly reports on mortgage rates and jobless claims were also released. Construction Spending Unchanged, Falls Short of Expectations The Commerce Department reported that construction spending rose by 0.4 percent in November to a seasonally-adjusted annual pace of $1.63 trillion and 9.30 percent year-over-year, Residential construction spending drove spending … [Read more...]
What’s Ahead For Mortgage Rates This Week – January 3, 2022
Last week’s economic reporting included readings from S&P Case-Shiller Home Price Indices and the National Association of Realtors® released its monthly report on pending home sales. Weekly reports on mortgage rates and jobless claims were also released. S&P Case-Shiller Reports Show Slower Gains in Home Prices October home price readings from S&P Case-Shiller Home Price Indices showed slower home price growth in October than for September. Nationally, October home prices … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 27, 2021
Last week’s scheduled economic reporting included readings on sales of new and previously-owned homes along with weekly data on mortgage rates and jobless claims. Home Sales Increase in November Sales of new and previously-owned homes rose in November. The Commerce Department reported sales of new homes rose to 744,000 sales on a seasonally-adjusted annual basis. October sales of new homes were revised to a year-over-year reading of 662,000 new homes sold, which was the lowest reading … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 13, 2021
Last week’s economic reporting included readings on job openings and quits, month-to-month and year-over-year readings on inflation, and the University of Michigan’s preliminary consumer sentiment survey for December. Weekly readings on mortgage rates and jobless claims were also released Job Openings Increase as Quits Decrease as Inflation Remains High The U.S. Labor Department reported that workers quit their jobs at record levels in October as job openings rose to 11 million … [Read more...]
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