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 … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 10th, 2018
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 … [Read more...]
Newest Home Pricing Data Shows Homes Becoming More Attainable Across The Country
Case-Shiller's 20-city home price index for September reported the lowest pace of year-over-year home price growth in almost two years. Lower home prices balanced housing markets between sellers and buyers, but home prices continued to grow approximately two times faster than wage growth. Case-Shiller's 20 city home price index for September posted a home price growth rate of 5.20 percent as compared to August's year-over-year growth rate of 5.70 percent. While analysts expected slower rates of … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 26th, 2018
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 … [Read more...]
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