Last week’s economic news was slim, with few scheduled reports released. Job openings for April, along with weekly readings on mortgage rates and weekly jobless claims were released. Job openings rose in April, while weekly jobless claims were lower. The headline event last week was a further decrease in fixed-rate mortgage interest rates.
Entries Tagged as 'Mortgage Rates'
What’s Ahead For Mortgage Rates This Week – June 12, 2017
June 12th, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – June 12, 2017
Tags: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – June 5, 2017
June 5th, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – June 5, 2017
Last week’s economic releases included readings on inflation, core inflation pending home sales and multiple reports from the labor sector. Weekly readings on mortgage rates and new jobless claims were also released. Pending home sales were lower and weekly jobless claims rose, which illustrates continued volatility in the economic sector.
Tags: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – May 30, 2017
May 30th, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – May 30, 2017
Sales of new and previously owned homes were lower in April after reaching near-record levels in March. Mortgage rates were lower last week and new jobless claims were little changed.
Tags: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – May 22, 2017
May 22nd, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – May 22, 2017
Last week’s economic reports included readings from the National Association of Home Builders, Commerce Department readings on housing starts and building permits and weekly reports on mortgage rates and new jobless claims.
Tags: Mortgage Rates
NAHB: Home Builder Confidence Rises in May
May 17th, 2017 · Comments Off on NAHB: Home Builder Confidence Rises in May
The National Association of Homebuilders reported a two-point increase in builder confidence in May. The NAHB Housing Market Index reading increased from 68 in April to 70, which was the second-highest reading since the economic recovery started. May’s reading exceeded analyst expectations of a flat reading for May. Builder confidence rose as demand for homes continued to rise; this factor overrode builder obstacles including higher prices for lots and ongoing labor shortages. A new tariff on lumber was also expected to dampen builder confidence.
Tags: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – May 15, 2017
May 15th, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – May 15, 2017
Last week’s economic reports included readings on inflation and core inflation, retail sales and consumer sentiment. Weekly reports on new jobless claims and mortgage rates were also released.
Tags: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – May 8, 2017
May 8th, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – May 8, 2017
Last week’s economic news included readings on construction spending, the post-meeting statement by the Fed’s Open Market Committee and labor-related reports including ADP payrolls, Non-farm payrolls and the national unemployment rate. Weekly readings on new jobless claims and mortgage rates were also released.
Tags: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – May 1, 2017
May 1st, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – May 1, 2017
Last week’s economic news included readings on Case-Shiller Home Prices Indices, new and pending home sales. Weekly readings on new jobless claims and average mortgage rates were also released. Case-Shiller reported that home prices rose by 0.20 percent from January to February with a year-over- year growth rate of 5.80 percent.
Tags: Mortgage Rates
What’s Ahead For Mortgage Rates This Week – April 24, 2017
April 24th, 2017 · Comments Off on What’s Ahead For Mortgage Rates This Week – April 24, 2017
Mortgage rates fell below three percent according to Freddie Mac. The average rate for a 30-year fixed rate mortgage dropped from 4.08 percent to 3.97 percent; the average rate for a 15-year fixed rate mortgage fell by nine basis point from 3.34 percent to 3.23 percent. The average rate for a 5/1 adjustable rate mortgage was eight basis points lower at 3.10 percent. Discount points averaged 0.50 percent for fixed rate mortgages and 0.40 percent for a 5/1 adjustable rate mortgage. Lower mortgage rates are good news for home buyers challenged by rapidly rising home prices based on high demand and low supplies of homes for sale.
Tags: Mortgage Rates
NAHB: Builder Sentiment Dips in April
April 19th, 2017 · Comments Off on NAHB: Builder Sentiment Dips in April
According to the National Association of Home Builders Housing Market Index for April, Builder Confidence dropped three points to an index reading of 68 in April. While any reading over 50 indicates positive builder confidence, home builders said that they continue to face obstacles including higher costs for materials and elevated costs associated with regulatory issues. Builders have repeatedly cited concerns including a lack of buildable lots and labor shortages in past months.
Tags: Mortgage Rates