03 May 2021
By Mortgage Blog Content

What’s Ahead For Mortgage Rates This Week – May 3, 2021

Financial Reports
Last week’s economic reporting included readings from Case-Shiller Home Price Indices, data on pending home sales, and a statement from the Fed’s Federal Open Market Committee. The University of Michigan released its Consumer Sentiment Index and weekly reports on mortgage rates and jobless claims were also published. Case-Shiller: February Home Prices Rose at Fastest Pace Since 2006 National home prices rose at a seasonally adjusted annual pace of 12.00 percent, which was the fastest pace of year-over-year home price growth in 15 years.  Case-Shiller’s 20-City Home Price Index reported 11.90 percent home price growth year-over-year and 1.20 percent growth month-to-month. All 20 cities reported in February. Phoenix, Arizona held its lead…
Read More
23 Mar 2020
By Mortgage Blog Content

What’s Ahead For Mortgage Rates This Week -March 23rd , 2020

Financial Reports
Last week’s economic reports included readings from the National Association of Home Builders on housing market conditions, Commerce Department readings on housing starts and building permits issued and  National Association of Realtors® reporting on sales of previously-owned homes. The Federal Reserve canceled the scheduled meeting of the Federal Open Market Committee and Fed Chair’s press conference, but the Fed did lower its target federal funds rate early in the week. Weekly readings on mortgage rates and initial jobless claims were also released.  Builder Confidence, Housing Starts and Building Permits Decrease Builder confidence in housing market conditions dropped two index points to 72 in March. Readings over 50 indicate that most builders…
Read More