19 Dec 2022
By Mark Feder

What’s Ahead For Mortgage Rates This Week – December 19, 2202

Financial Reports
Last week’s economic reporting included readings on inflation, retail sales, and the Federal Reserve’s Federal Open Market Committee meeting.  Fed Chair Jerome  Powell held his scheduled post-meeting press conference and weekly readings on mortgage rates and jobless claims were also released. Federal Reserve Raises Target Interest Rate Range The Federal Reserve’s Federal Open Market Committee announced its decision to raise the Fed’s target interest rate range to 4.25 to 4.50 percent from its previous range of 3.75 to 4.00 percent. Fed Chair Jerome Powell said in remarks made during his scheduled press conference, “We’re going into next year with higher…
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12 Dec 2022
By Mark Feder

What’s Ahead For Mortgage Rates This Week – December 12, 2022

Financial Reports
Last week’s scheduled economic reports included preliminary monthly readings on inflation and consumer sentiment along with weekly reporting on mortgage rates and jobless claims. University of Michigan Reports Slower Inflationary Growth The University of Michigan predicted lower inflationary growth as December’s year-over-year reading for inflation fell to 4.6 percent from November’s year-over-year reading of 4.9 percent. This was the lowest inflation reading since September 2021. Analysts credited lower gasoline prices for slowing rapid inflation rates seen in recent months. Falling gas prices also contributed to higher consumer sentiment levels reported in December’s edition of the University of Michigan’s Consumer Sentiment…
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05 Dec 2022
By Mark Feder

What’s Ahead For Mortgage Rates This Week – December 5, 2022

Financial Reports
Last week’s economic news included readings on home prices, inflation, and data on public and private-sector jobs. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller Posts Lower Home Prices in September September home prices fell in all cities tracked by Case-Shiller’s 20-City Home Price Index. Home prices were - 8.7 percent lower year-over-year in September than August’s reading of -10.40 percent. Home price declines showed signs of increasing after a period of rapidly rising home prices sidelined would-be home buyers. The Federal Housing Finance Agency Home Price Index rose by 0.90 percent in September as…
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28 Nov 2022
By Mark Feder

What’s Ahead For Mortgage Rates This Week – November 28, 2022

Financial Reports
Last week’s economic reporting included readings on new home sales and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. No economic data was published Thursday or Friday due to the Thanksgiving holiday. New Home Sales Surpass Expectations in October The Commerce Department reported higher-than-expected sales of new homes during October. New homes sold at a seasonally-adjusted annual pace of 632,000 homes sold.  Analysts expected new homes to sell at an annual pace of 570,000 sales as compared to the revised annual pace of 588,000 new home sales in September. The supply of available new homes…
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