24 Dec 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 24th, 2018

Financial Reports, ,
Last week's economic news included readings from the National Association of Home Builders, Commerce Department readings on housing starts and National Association of Realtors® report on sales of previously-owned homes. Weekly reports on mortgage rates and first-time jobless claims were also released. NAHB: Home Builders Lose Confidence as Housing Crunch Continues Homebuilder confidence fell to a 36 month low in December as homebuilder concerns over rising home prices, high mortgage rates and decreasing inventories of available homes sidelined home buyers. The NAHB Housing Market Index fell four points to 56. Components of the Housing Market Index reading also fell as…
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17 Dec 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 17th, 2018

Financial Reports, ,
Last week's economic reports included readings on inflation and retail sales. Weekly readings on mortgage rates and new jobless claims were also released. Retail Sales Grow, Inflation Unchanged in November November retail sales grew by 0.20 percent in November as compared to expectations of 0.10 percent and October's reading of 1.10 percent growth. Core retail sales, which exclude automotive sales, grew by 0.20 percent and met expectations. Analysts said online stores pushed retail sales growth in November. Inflation held steady in November as expected. Inflation grew by 0.30 percent in October. Core inflation, which excludes volatile fuel and food sectors, rose…
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10 Dec 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 10th, 2018

Financial Reports, ,
Last week's economic reports included readings on construction spending and Labor Department readings on private and public jobs growth. The Consumer Sentiment Index was released along with weekly readings on mortgage rates and new jobless claims. Construction Spending Slows in October Residential construction slowed in last month as public works projects increased. Private sector construction spending fell by -0.10 percent as compared to expected growth of 0.30 percent and last month's negative reading of -0.10 percent. Construction spending for October was $1.309 billion on a seasonally adjusted annual basis as compared to September's revised reading of $1.311 billion. Overall construction…
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06 Dec 2018
By Aadil Nathoo

Newest Home Pricing Data Shows Homes Becoming More Attainable Across The Country

Financial Reports, ,
Case-Shiller's 20-city home price index for September reported the lowest pace of year-over-year home price growth in almost two years. Lower home prices balanced housing markets between sellers and buyers, but home prices continued to grow approximately two times faster than wage growth. Case-Shiller's 20 city home price index for September posted a home price growth rate of 5.20 percent as compared to August's year-over-year growth rate of 5.70 percent. While analysts expected slower rates of home price growth, they weren't expecting the steep declines seen in September's report. David Blitzer, Chairman and CEO of the S&P Dow Jones Indices…
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26 Nov 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – November 26th, 2018

Financial Reports, ,
Last week's economic readings included readings from the National Association of Home Builders Housing Market Index, National Association of Realtors® report on sales of pre-owned homes and Commerce Department readings on housing starts and building permits issued. Weekly reports on mortgage rates and first-time jobless claims were also released. Housing Market Challenges Catch Up to Builder Sentiment According to the National Association of Home Builders, overall builder sentiment fell six points to November's reading of 60. This was the largest decline in builder sentiment since 2016. Ongoing concerns over lot and labor shortages and rising costs of building materials were…
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