Last week’s economic news included readings from Case-Shiller Home Price Indices, along with Commerce Department readings on public and private-sector job growth and the University of Michigan’s Consumer Sentiment Index. Weekly reports on jobless claims and mortgage rates were also released. Case-Shiller: Home Price Growth Ramps Up as Demand for Homes Increases July home prices rose at a year-over-year rate of 4.80 percent in July as compared to June’s reading of 4.40 percent. … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 28, 2020
Last week’s economic news included readings on new and existing home sales and Fed Chair Jerome Powell’s testimony on changing the Fed’s business loan policy. Weekly readings on mortgage rates and jobless claims were also released. Sales of New and Pre-Owned Homes Rise In August New homes sold at a seasonally-adjusted annual pace of 1.01 million sales; analysts expected the sales pace to fall to 900,000 sales from July’s reading of 965,000 new home sales. … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 8, 2020
Last week’s scheduled economic news included readings on construction spending and labor sector reports on public and private sector jobs. The national unemployment rate was also reported. Weekly readings on mortgage rates and jobless claims were also published. July Construction Spending Rises Construction spending rose from June’s seasonally adjusted annual pace of $1.363 billion to $1,365 billion in July. The U.S. Census Department reports construction spending and readings … [Read more...]
What’s Ahead For Mortgage Rates This Week – August 24, 2020
Last week’s economic news included readings from Case-Shiller on home prices, the National Association of Home Builders Housing Market Indices, and sales of previously-owned homes. Readings on housing starts and building permits issued were released. Weekly reports on mortgage rates, new and continuing jobless claims were also published. NAHB: Home Builder Confidence Rises in August The National Association of Home Builders reported that builder confidence in housing market conditions rose … [Read more...]
