Last week’s economic reporting included readings on housing markets from the National Association of Home Builders, sales of previously-owned homes, and government reports on housing starts and building permits issued. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Builder Confidence Slips Two Points in March The National Association of Home Builders reported that home builder confidence in housing market conditions slipped two points to an index reading of … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 14, 2022
Last week’s economic reporting included month-to-month and year-over-year readings on inflation. The University of Michigan released its monthly consumer sentiment index; weekly readings on mortgage rates and jobless claims were also published. Inflation Reports: No Good News for Consumers The war in Ukraine increased inflation rates in the U.S in February as costs for fuel, food and housing continued to rise. The federal government reported that month-to-month inflation rose by 0.80 … [Read more...]
What’s Ahead For Mortgage Rates This Week – February 22, 2022
Last week’s economic reporting included readings from the National Association of Home Builders on housing markets, reports on sales of previously owned homes, housing starts, and building permits issued. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Rising Materials Costs, Supply Chain Problems Weigh on Builders The National Association of Home Builders’ February housing market index reading was 82 and one point lower than in JanuaThis was the … [Read more...]
What’s Ahead For Mortgage Rates This Week – February 14, 2022
Last week’s economic reporting included readings on inflation and the University of Michigan’s preliminary February reporting on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Inflation Rises as Fed Considers Raising Key Rate The government’s Consumer Price Index for January reported that month-to-month inflation rose by 0.60 percent as compared to an expected increase of 0.40 percent which was based on December’s … [Read more...]
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