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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24 Dec 2018
By Aadil Nathoo

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

Financial Reports, ,
Last week's economic news included readings from the National Association of Home Builders, Commerce Department readings on housing starts and National Association of Realtors® report on sales of previously-owned homes. Weekly reports on mortgage rates and first-time jobless claims were also released. NAHB: Home Builders Lose Confidence as Housing Crunch Continues Homebuilder confidence fell to a 36 month low in December as homebuilder concerns over rising home prices, high mortgage rates and decreasing inventories of available homes sidelined home buyers. The NAHB Housing Market Index fell four points to 56. Components of the Housing Market Index reading also fell as…
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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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10 Dec 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – December 10th, 2018

Financial Reports, ,
Last week's economic reports included readings on construction spending and Labor Department readings on private and public jobs growth. The Consumer Sentiment Index was released along with weekly readings on mortgage rates and new jobless claims. Construction Spending Slows in October Residential construction slowed in last month as public works projects increased. Private sector construction spending fell by -0.10 percent as compared to expected growth of 0.30 percent and last month's negative reading of -0.10 percent. Construction spending for October was $1.309 billion on a seasonally adjusted annual basis as compared to September's revised reading of $1.311 billion. Overall construction…
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26 Nov 2018
By Aadil Nathoo

What’s Ahead For Mortgage Rates This Week – November 26th, 2018

Financial Reports, ,
Last week's economic readings included readings from the National Association of Home Builders Housing Market Index, National Association of Realtors® report on sales of pre-owned homes and Commerce Department readings on housing starts and building permits issued. Weekly reports on mortgage rates and first-time jobless claims were also released. Housing Market Challenges Catch Up to Builder Sentiment According to the National Association of Home Builders, overall builder sentiment fell six points to November's reading of 60. This was the largest decline in builder sentiment since 2016. Ongoing concerns over lot and labor shortages and rising costs of building materials were…
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