What’s Ahead For Mortgage Rates This Week – August 27th, 2018
Last week's economic readings included reports on sales of new and previously-owned homes, and weekly reports on mortgage rates and first-time jobless claims. Sales of New and Pre-owned Homes Falter in July Home sales were lower in July, with new and pre-owned home sales falling short of projections and June sales. According to the Commerce Department, new homes sold at an annual rate of 627,000 sales as compared to 640,000 new home sales projected and a pace of 638,000 homes sold in June. Downward revisions for previous months contributed to a lower sales pace reported in July; but the average…