Last week’s scheduled economic news included readings from the National Association of Home Builders on housing market conditions. Reporting on housing starts and building permits was released along with weekly reports on mortgage rates and jobless claims. NAHB: Home Builder Confidence Grows as Demand for Homes Increases November’s national reading for home builder confidence in housing market conditions for single-family homes rose three points to an index reading of 83 and the … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 15, 2021
Last week’s scheduled economic reporting included readings on inflation and a preliminary report on consumer sentiment. Weekly reports on mortgage rates and jobless claims were also released. Inflationary Growth Exceeds Expectations, Creates Consumer Challenges October’s inflation rate rose to its highest year-over-year pace in 31 years last week with a reading of 6.20 percent growth as compared to September's year-over-year growth rate of 5.40 percent. Inflation rose by 0.90 percent … [Read more...]
FOMC Statement: Fed Policymakers Discuss Easing Accommodations as Economy Improves
The Federal Reserve’s Federal Open Market Committee considered easing monetary accommodations implemented in response to stronger economic conditions according to its post-meeting statement issued November 3. The Fed started making trillions in monthly bond purchases when the pandemic started but slowed its purchasing pace to $120 billion per month in June 2020. The Fed will soon reduce its monthly bond purchases to $105 billion monthly. The Fed said it will continue to purchase bonds … [Read more...]
What’s Ahead For Mortgage Rates This Week – November 1, 2021
Last week’s economic reports included readings on home price growth from S&P Case-Shiller Home Price Indices, data on new home sales, and the University of Michigan’s Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also published. Case-Shiller: Home Price Growth Slower, but Prices Aren’t Falling National home prices rose by a seasonally-adjusted annual pace of 19.80 percent in August, which was incrementally lower than July’s … [Read more...]
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