What’s Ahead For Mortgage Rates This Week – August 6th, 2018
Last week's economic reports included readings from Case-Shiller, Commerce Department reports on pending home sales and construction spending and an FOMC statement. Labor sector reports on job creation and the national unemployment rate were released along with the monthly Consumer Confidence Index. Weekly reports on mortgage rates and first-time jobless claims were also released. Case-Shiller: Home Price Growth Holds Steady in May Home price analysts Case-Shiller reported national home prices rose 0.40 percent in May and were 6.40 percent higher year-over-year. Case-Shiller's 20-City Home Price Index was 0.20 percent higher in May and 6.50 percent higher year-over-year. Only seven cities…