15 Oct 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 15th, 2018

Financial Reports, ,
Last week's economic reports included releases on inflation, consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. Inflation and Consumer Sentiment Dip The Commerce Department reported slower growth in inflation for September. The Consumer Price Index for September showed a growth rate of 0.10 percent. Analysts projected a reading of 0.20 percent growth, which was based on August's reading of 0.20 percent. This was the sixth consecutive month-to-month increase in the inflation rate. Year-over-year, inflation has grown 2.30 percent as compared to the prior year-over-year rate of 2.70 percent. Analysts said that rising rents and…
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08 Oct 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 8th 2018

Financial Reports, ,
Last week's economic reports included readings on construction spending and labor reports on public and private-sector job growth. The national unemployment rate was released along with weekly reports on mortgage rates and weekly jobless claims. Construction Spending dips in September, but Residential Construction Spending Rises Construction spending rose 0.10 percent in September, but residential construction spending fell 0.70 percent month-to-month. Construction spending was 4.10 percent higher year-over-year. January through August construction spending was 5.30 percent higher than for the same period in 2017. Analysts estimated a shortage of approximately four million homes; which accentuates demand and drives prices up. In recent…
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01 Oct 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 1st, 2018

Financial Reports, ,
Last week's economic readings included reports on home prices, new and pending home sales and remarks released by the Federal Open Market Committee of the Federal Reserve. Weekly readings on average mortgage rates and first-time jobless claims were also released. Case-Shiller HPI: Home Price Growth Slows in July Home prices grew slower in July according to data released last week. Home prices rose at a seasonally-adjusted annual rate of 6.0 percent in July as compared to June's rate of 6.2 percent growth. Analysts cited increasing inventories of homes available, which typically increases competition and lowers asking prices. Would-be home buyers…
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24 Sep 2018
By Aadil Nathoo

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

Financial Reports, ,
Last week's economic releases included readings on the NAHB Housing Market Index, sales of pre-owned homes, and housing starts. Weekly readings on mortgage rates and first-time jobless claims were also released. NAHB: Home Builder Confidence in Market Conditions Holds Steady The National Association of Home Builders reported an index reading of 67 for September, which matched August's reading. Growing concerns over impacts of tariffs on building material costs have slowed builders' confidence in current and future market conditions. Components of the NAHB Housing Market Index include readings on current conditions, which gained one point to 74; builder confidence in market…
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17 Sep 2018
By Aadil Nathoo

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

Financial Reports, ,
Last week's economic news included readings on consumer credit, inflation and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released. Fed Reports Consumer Credit Jumps in July The Federal Reserve reported that consumer credit rose from $9 billion in June to $17 billion in July. Analysts said a majority of consumer credit was issued for education loans and auto loans. June's reading was revised downward to $8.50 billion from the original reading of $10.2 billion. Credit card debt increased by 1.50 percent in July after declining by – 1.40 percent in June. Non-revolving consumer debt…
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