Last week's economic releases included reports on new and pending home sales, S&P Case-Shiller Home Price Indices and regularly scheduled weekly reporting on mortgage rates and weekly jobless claims. Readings on consumer sentiment and confidence were also released. New and Pending Home Sales Lower as Peak Sales Season Winds Down August readings for new and pending home sales were lower than for July; analysts said that slim supplies of available homes and rising home prices contributed to … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 26, 2016
Last week's economic news was abundant with releases on home builder sentiment, housing starts, building permits, sales of previously owned homes. The Federal Open Market Committee of the Federal Reserve released its customary statement at the conclusion of its meeting; Fed Chair Janet Yellen also gave a press conference. Weekly readings on new jobless claims and mortgage rates were released as usual. NAHB: Builder Sentiment Increases in September Home builder confidence in housing market … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 19, 2016
Last week's economic news included reports on retail sales, inflation, and weekly reports on mortgage rates and new jobless claims. Retail Sales Slip as Consumer Prices Inch Up Retail sales dipped into negative territory in August with a reading of -0.30 percent as compared to expectations of -0.10 percent and July's reading of +0.10 percent. Retail sales excluding auto sales were better at +0.30 percent. Analysts expected a reading of +0.20 percent based on July's reading of -0.40 percent. … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 12, 2016
Few economic reports were released last week due to the Labor Day Holiday. The Federal Reserve released its Beige Book Report, which documents anecdotes shared with the Fed by its regional business contacts. A job openings report, weekly jobless claims and Freddie Mac's survey of mortgage rates was also released. Fed's Beige Book: Approaching Election Dampens Business Growth According to the Federal Reserve's survey of business contacts within its 12 districts, November's election is causing … [Read more...]
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