Last week’s economic reporting included readings on U.S. housing markets, pending home sales, and weekly readings on mortgage rates and jobless claims. S&P Case Shiller Home Price Indices: Month-to-moth home prices fall in October U.S. home prices fell in October for the fourth consecutive month. Wavering demand for homes was caused by rising mortgage rates and high home prices in many regional markets. The 20-City home price index showed the top three cities with the highest … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 26, 2022
Last week’s economic scheduled economic news included readings on sales of previously-owned homes, housing starts, and building permits issued. Readings on the Consumer Price Index, which tracks inflation, were also released along with weekly readings on mortgage rates and jobless claims. Sales of previously-owned homes fall in November The National Association of Realtors® reported fewer sales of previously-owned homes in November than in October. 4.09 million previously-owned … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 19, 2202
Last week’s economic reporting included readings on inflation, retail sales, and the Federal Reserve’s Federal Open Market Committee meeting. Fed Chair Jerome Powell held his scheduled post-meeting press conference and weekly readings on mortgage rates and jobless claims were also released. Federal Reserve Raises Target Interest Rate Range The Federal Reserve’s Federal Open Market Committee announced its decision to raise the Fed’s target interest rate range … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 12, 2022
Last week’s scheduled economic reports included preliminary monthly readings on inflation and consumer sentiment along with weekly reporting on mortgage rates and jobless claims. University of Michigan Reports Slower Inflationary Growth The University of Michigan predicted lower inflationary growth as December’s year-over-year reading for inflation fell to 4.6 percent from November’s year-over-year reading of 4.9 percent. This was the lowest inflation reading since September … [Read more...]
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