31 Dec 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 31st, 2018

Financial Reports, ,
Last week's economic reports included readings from Case-Shiller Housing Market Indices, National Association of Realtors® on pending home sales and weekly readings on mortgage rates and new jobless claims.   The Commerce Department's reading on sales of new homes was delayed due to the federal government's shutdown. Case-Shiller: Home Price Growth Lowest in Two Years Home price growth was nearly nil with October's month-to-month reading of 0.40 percent; The Case-Shiller 20-City Home Price Index showed a year-over-year home price growth rate of 5.50 percent, which matched September's year-over-year reading. Las Vegas, Nevada led home price growth in the 20-city index…
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26 Dec 2018
By Aadil Nathoo

FOMC Raises Key Rate, Forecasts 2 Rate Hikes in 2019

Real Estate, ,
During its post-meeting statement, the Federal Open Market Committee of the Federal Reserve announced that its target range for the Fed's key interest rate would increase one quarter percent to 2.25 to 2.50 percent. While this rate hike was not expected by the Executive branch, it met analyst expectations. FOMC said in its customary post-meeting statement that members expect to make two interest rate hikes in 2019 as compared to three rate hikes in 2018 and the Committee's original forecast of three rate hikes in 2019. Given current economic conditions, the Fed forecasted only one rate hike for 2020. Hawks…
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19 Dec 2018
By Aadil Nathoo

How Will Interest Rates Affect the Market in 2019?

Real Estate, ,
Forbes and other reputable publications have predicted a continued rise in interest rates over 2019. The initial shock of the Fed's action caused a slowdown in real estate markets over the final part of 2018. As the shock wears off, experts are divided as to whether more expensive money will continue to translate into lower housing starts and occupancy rates for primary markets. Many experts believe that the rising 2018 interest rates have not yet baked themselves into the real estate market. They point to past instances of relatively high real estate hikes and the slower uptake into the property…
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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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30 Nov 2018
By Aadil Nathoo

Home Buying Power Remains In Motion Depsite Rising Mortgage Rates

Mortgage, ,
The real estate market does not occupy a space outside the laws of physics. As Sir Isaac Newton so aptly theorized, "For every action, there is an equal and opposite reaction." When applying the English physicist's Third Law to today's rising mortgage rates, anticipating the reaction can be valuable information if you are planning to buy or sell a home or commercial property. At first blush, residential home buyers and commercial property investors might expect the "opposite" reaction to impact buying power negatively. The initial data might lead many to believe that premise. How Home Buyers Reacted To Rate Hikes…
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