19
Aug
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – August 19th, 2019

Last week's economic news included readings  from the National Association of Home Builders Housing Market Index and July readings on housing starts and building permits issued. Weekly readings on initial jobless claims and mortgage rates were also released. NAHB: Home Builder Sentiment Remains High According to the National Association of Home Builders, builder confidence in housing market conditions rose one point to an index reading of 66 for August. Housing Market Index readings showed that builder sentiment has held steady with readings of 64 to 66; any reading over 50 indicates positive builder sentiment. Analysts said that despite strong readings…
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12
Aug
By Jim Hasek
Financial Reports, ,

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

Last week's economic releases included readings on consumer credit, job openings and weekly reports on mortgage rates and first-time jobless claims. Consumer Credit Use, Job Openings Slow in June Consumer credit use slowed in June as credit card use lost ground. Non-revolving credit, which typically includes education and auto loans, grew at its slowest pace in three months. Mortgage loans are not included in the Federal Reserve's report on consumer credit. Consumer credit use grew by $14.6 billion year-over-year in June as compared to May's year-over-year reading of $16.0 billion. Year-over-year credit use fell one percent in June to 4.30 as…
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05
Aug
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – August 5th, 2019

Last week's economic news included readings from Case-Shiller on home prices, pending home sales, construction spending and a post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Consumer sentiment was released along with Commerce Department reports on public and private sector job growth and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims. Home Price Growth Slows in May The Case-Shiller National Home price Index showed slower home price growth in May; this was the 14th consecutive month of slower growth in national home prices and the lowest reading for home price growth…
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29
Jul
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – July 29th, 2019

Last week's economic reports included readings on sales of new and pre-owned homes and weekly reports on mortgage rates and first-time jobless claims. Realtors® Report Sales of Pre-Owned Homes Fall in June Sales of previously-owned homes fell last month according to real estate pros. 5.27 million homes would be sold in 2019 if the current pace of sales was unchanged for all of 2019. Analysts expected a reading of 5.33 million sales based on May's reading of 5.38 million sales. Analysts said that sales of pre-owned homes fell despite lower mortgage rates and the seasonal peak home-buying season. Sales of…
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22
Jul
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – July 22nd, 2019

Last week's economic reporting included readings from the National Association of Home Builders Housing Market Index, Commerce Department reports on housing starts and building permits issued. The University of Michigan consumer sentiment index was also released. Weekly readings on mortgage rates and new jobless claims were also reported. NAHB: Builder Confidence Rises as Housing Starts Slip Home builder confidence in current market conditions rose one point to an index reading of 65 in June. Any reading over 50 means that most builders view housing markets conditions as positive, but July's reading was lower year-over-year. Builders have long cited a shortage…
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15
Jul
By Jim Hasek
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – July 15th, 2019

Last week's economic releases included reports on inflation, core inflation and minutes from the Federal Open Market Committee Meeting held June 18 and 19. Weekly readings on mortgage rates and first-time jobless claims were also released. Inflation Rate Rises, but Grows at Lowest Pace in Four Months June's Consumer Price Index reported the lowest rate of inflation in four months with a year-over-year rate of 1.60 percent growth as compared to May's year-over-year inflation rate of 1.80 percent. Fuel prices were lower, which helped balance rising costs of rent, clothing and autos. Analysts said that falling inflation rates would be a…
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