What’s Ahead For Mortgage Rates This Week – December 30th, 2019

Financial Reports , ,
Last week’s economic reports were limited due to the Christmas holiday. New home sales data was released along with a weekly reading on mortgage rates. Census Bureau: New Home Sales Hit Highest Level Since 1999 Mortgage rates below 4.00 percent propelled the highest number of new homes sold since 1999. 719,000 new homes were sold on a seasonally-adjusted annual basis in November. Analysts expected November sales of new homes to reach 740,000 sales based on October’s original reading of 733,000 sales, but this reading was later revised to 710,000 sales. New home sales reported are based on a narrow range…
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