28 Feb 2022
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – February 28, 2022

Financial Reports, ,
Last week’s economic reporting included readings on home prices from S&P Case-Shiller and the Federal Housing Finance Agency; data on pending home sales and sales of new homes were also released. The University of Michigan released its final February reading on consumer sentiment and weekly reports on average mortgage rates and jobless claims were also published. S&P Case-Shiller Home Price Indices: Home Price Growth Expected to Slow in 2022 December readings from S&P Case Shiller suggested a slowing pace of home price growth in 2022 but analysts said that home prices are not expected to decrease. Case-Shiller’s National Home Price…
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24 Feb 2022
By Aadil Nathoo

S&P Case-Shiller Indices: December Home Price Growth Hits Record High

Financial Reports, ,
While U.S. home prices grew at record speed in December, rising mortgage rates threatened rapid price appreciation as buyers were sidelined by affordability concerns. S&P Case-Shiller’s National Home Price Index reported 18.80 percent year-over-year home price growth in December. The 20-City Home Price Index posted a year-over-year gain of 18.60 percent as compared to November’s year-over-year home price gain of 18.30 percent. Home prices rose by 1.50 percent from November to December 2020. Phoenix, Arizona held on to first place in the 20-City Index with year-over-year home price growth of 32.50 percent; Tampa, Florida held second place with 29.40 percent…
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28 Jan 2022
By Aadil Nathoo

Case-Shiller: Home Price Growth Slows in November

Financial Reports, ,
S&P Case-Shiller Home Price Indices reported slower home price growth in November. Rising mortgage rates and high home prices sidelined first-time and moderate-income buyers and investors who fear buying at the peak of today’s housing markets only to face lower home values when home prices cool off. November’s National Home Price Index reported a year-over-year gain of 18.80 percent in home prices year-over-year. The 20-City Home Price Index, which, real estate pros frequently use to estimate home pricing trends, reported that U.S. home prices rose 18.30 percent year-over-year in November. 20-City Home Price Index: Arizona and Florida Post Top Gains…
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24 Jan 2022
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – January 24, 2022

Financial Reports, ,
Last week’s economic reports included readings from the National Association of Home Builders on housing markets, Commerce Department data on building permits issued, and housing starts. The National Association of Realtors® reported on sales of previously-owned homes. Weekly reports on mortgage rates and jobless claims were also released. National Association of Home Builders: Builder Confidence Falls One Point Supply chain issues and rising inflation concerned builders surveyed about housing market conditions in January. The National Association of Home Builders reported an index reading of 83 as compared to December’s reading of 84. While any reading over 50 is considered positive,…
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18 Oct 2021
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – October 18, 2021

Financial Reports, ,
Last week’s economic reporting included readings on inflation, core inflation, and minutes of the Fed’s Federal Open Market Committee meeting held on September 22 and 23. Weekly readings on mortgage rates and jobless claims were also published. September’s Consumer Price Index rose by 0.10 percent to 0.40 percent. The Core Consumer Price Index for September, which excludes volatile food and fuel sectors, rose by 0.10 percent to 0.20 percent and fell short of the expected reading of 0.30 percent growth. Feds’ FOMC Meeting Minutes: Policymakers Consider Tapering Securities Purchases Minutes of the Federal Open Market Committee meeting held September 21…
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