08 Apr 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – April 8th, 2019

Financial Reports, ,
Last week's economic news included readings on construction spending and inflation; labor sector reports on the national unemployment rate, public and private sector employment were also released. Weekly readings on mortgage rates and new jobless claims were also released. Construction Spending Rises, Retail Sales Slip Construction spending expanded by one percent in February according to the Commerce Department spending was one percent higher month-to-month; analysts expected a negative reading of -0.10 percent. February saw a revised gain of 2.50 percent growth in construction spending. Construction spending grew 1.10 percent year-over-year; by comparison, 2016 construction spending reached 10 percent year-over-year. High demand…
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01 Apr 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – April 1st, 2019

Financial Reports, ,
Last week's economic reports included readings from Case-Shiller on home price growth, Commerce Department readings on housing starts and building permits issued. The Conference Board issued its monthly reading on consumer confidence. Pending home sales and weekly reports on mortgage rates and first-time jobless claims were also released. Case-Shiller Home Price Indices: Price Growth Slows in January S&P Case-Shiller Indices reported the slowest rate of home price growth in six years. January readings suggested that home price growth slowed due to easing demand. Affordability concerns sidelined buyers; participation of first-time home buyers remained lower than average. Case-Shiller's 20-City Home Price…
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18 Mar 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – March 18th, 2019

Financial Reports, ,
Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims. Retail Sales Increase after Lowest Reading in 10 Years Retail sales rose by 0.20 percent in January; analysts expected an increase of 0.10 percent based on December’s negative revised reading of -1.60 percent. Home centers and internet retailers led in overall sales; retail sales without the automotive sector were higher with an 0.90 percent increase in January, which exceeded expectations of an 0.40 percent increase. December had a…
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11 Mar 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – March 11h, 2019

Financial Reports, ,
Last week's economic news included readings on new home sales, construction spending, and housing starts. Data on building permits was released along with Labor Department reports on public and private-sector jobs and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released. Construction Spending Slows as New Home Sales Rise in December Commerce Department data for December indicated less construction spending than for November. Construction spending dipped by -o.60 percent as compared to analyst expectations of a negative reading of -0.30 percent. Construction spending grew by 0.90 percent in November. Lower cash outlays for…
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25 Feb 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – February 25th, 2019

Financial Reports, ,
Last week's economic news included readings on homebuilder confidence in housing market conditions, minutes of January's Federal Open Market Committee meeting, and existing home sales reported by the National Association of Realtors®. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Home Builder Confidence Rises to 4-Month High Homebuilder confidence rose for the second consecutive month in February and four points higher to an index reading of 62, which exceeded analyst expectations of a one-point increase in builder confidence. Components of the NAHB Housing Market Index also rose. Builder confidence in current market conditions rose three…
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