23 Oct 2023
By Aadil Nathoo
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What’s Ahead For Mortgage Rates This Week – October 23, 2023

Financial Reports, ,
This week featured the usual retail sales report which shows consumer demand and as well as an indicator of the velocity of money, not only for consumers but business to business as well. An increase would show an increase in national and local increase in economic activity, which is important as we move into Q4 of the year; where the holiday season is expected to see an increase in consumer activity. Retail Sales Retail sales have exceeded expectations this month showing month-to-month increases across the board: Retail sales are up 0.7% from the previous month with an expected increase of…
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16 Oct 2023
By Aadil Nathoo
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What’s Ahead For Mortgage Rates This Week – October 16, 2023

Financial Reports, ,
Last week’s economic report schedule included notable reports with the CPI & Core CPI in addition to PPI and Core PPI. Many markets are keeping a close eye on the inflation numbers for the U.S. as well as many other parts of the world to help guide their policies. Other notable reports were MBA Mortgage Applications Index and the University of Michigan Consumer Sentiment Report (Prelim.) Consumer Price Index With current inflation data, the Federal Reserve has hinted that they are close to ending their rate-hiking cycle for the future. This reflects a greater optimism for a soft landing in…
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09 Oct 2023
By Aadil Nathoo
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What’s Ahead For Mortgage Rates This Week – October 9, 2023

Financial Reports, , ,
The previous week offered a blend of economic updates, covering a report on the jobs market and weekly changes in mortgage rates. The Jobs Report Was Released This week, the monthly jobs report was released by the United States Bureau of Labor and Statistics. It showed that the job market completely exceeded all expectations, adding 336,000 jobs during the month of September. That was far higher than the expected number of 170,000. It also represents a significant increase when compared to August, where the economy added a revised total of 227,000 jobs. The unemployment rate remained relatively steady, coming in…
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02 Oct 2023
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 2, 2023

Financial Reports, ,
Last week, consumers were treated to several indicators on inflation that not only paint a picture of the economy’s health but also give the Fed more information to work with as it continues to aim for a soft landing. August Sees a Slight Upward Trend in Inflation This week, the personal consumption expenditures price index, which excludes more volatile commodities like food and energy, increased 0.1 percent for the month. This is lower than the expected value of 0.2 percent, which indicates that the rising interest rates are starting to have an impact on the economy as the Fed continues…
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25 Sep 2023
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – September 25, 2023

Financial Reports, ,
Last week’s economic reports included readings on U.S. housing markets, housing starts and building permits, and the scheduled post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Data on sales of previously owned homes were released along with weekly reports on mortgage rates and jobless claims. National Association of Home Builders: Rising Mortgage Rates Shake Builder Confidence Homebuilders lost confidence in U.S. housing market conditions in September. September’s index reading was 45 as compared to the expected reading of 49.5 and August’s reading of 50. The combination of rising mortgage rates and high home prices presented obstacles…
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