02 Dec 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 2nd, 2019

Financial Reports, ,
Last week’s economic news included readings from Case-Shiller Home Price Indices, readings on new and pending home sales and weekly readings on mortgage rates and new jobless claims. The holiday break on Thursday and Friday curtailed some economic reports. Case-Shiller Reports Uptick in September Home Prices Home prices rose 0.10 percent to a year-over-year growth rate of 3.20 percent in September. Rates of home price growth showed a new geographic trend with smaller cities showing higher home price growth than the coastal cities that dominated rapid home price growth in recent years. Homebuyers seeking affordable options turned inland and southward…
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18 Nov 2019
By Aadil Nathoo

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

Financial Reports, ,
Last week’s economic reporting included readings on inflation, testimony by Federal Reserve Chair Jerome Powell, and weekly readings on mortgage rates and new unemployment claims. Rising Gas Prices Fuel Jump in Inflation Consumer inflation increased at its fastest pace in seven months according to the Consumer Price Index for October. Consumer prices rose 0.40 percent and exceeded analysts’ forecast of 0.30 percent and September’s reading of 0.00 percent inflationary growth.  Analysts attributed the jump in prices to rapidly rising gasoline prices. October’s reading for core inflation, which excludes fuel and food prices, supported this view. Core inflation grew by 0.20…
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12 Nov 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – November 12th, 2019

Financial Reports, ,
Last week’s scheduled economic news included the Federal Reserve’s survey of loan officers and the University of Michigan’s report on consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. Fed Survey of Loan Officers Finds Banks Tightened Lending Standards The Federal Reserve’s survey of financial institutions found that lenders tightened standards for credit card and other consumer loan approval. Lending officials said that concerns over the economy drove decisions to tighten standards for new credit cards, auto loans, and personal loans. Lenders also tightened lending requirements for new borrowers in January and March. January’s revision…
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28 Oct 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 28th, 2019

Financial Reports, ,
Last week’s economic news included readings on sales of new and previously-owned homes and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released. New Home Sales Dip in September Commerce Department readings indicated fewer sales of new homes than in August. 701,000 sales were reported in September on a seasonally-adjusted annual basis; 706,000 new homes were sold in August and analysts expected 700,000  sales of new homes. Sales fell by 0.70 percent month-to-month but were 15.50 percent higher year-over-year. September was the second time in 12 years that new home sales exceeded 700,000 in consecutive…
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21 Oct 2019
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 21st, 2019

Financial Reports, ,
Last week’s economic reports included readings from the National Association of Home Builders on builder confidence in housing market conditions, Commerce Department readings on housing starts and building permits issued. Weekly readings on mortgage rates and first-time jobless claims were also reported. Builder Confidence in Housing Markets Rises The NAHB Housing Market Index rose in October from September’s index reading of 68 to 71.Home builders were confident in market conditions due to strong demand for homes caused by low mortgage rates and slower growth in home prices. Obstacles including tariffs on building materials did not deter builder confidence; any reading…
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