06 Jul 2021
By Mark Feder

What’s Ahead For Mortgage Rates This Week – July 5, 2021

Financial Reports
Last week’s economic reports included readings from S&P Case-Shiller Home Price Indices and data on pending home sales. Readings on job growth and und unemployment were also released along with weekly reports on mortgage rates and jobless claims. S&P Case-Shiller: April Home Price Gains Reach Record Highs Craig Lazzara, managing director and global head of investment strategy for S&P Dow Jones Indices, said that April’s year-over-year national home price growth rate of 14.60 percent was “ truly extraordinary.” All cities included in the 20-City Home Price Index posted higher home prices;  five cities including Charlotte, North Carolina, Cleveland, Ohio, and…
Read More
02 Jun 2021
By Mark Feder

Case Shiller: Home Prices Rise at Fastest Pace Since 2005

Financial Reports
March readings for S&P CoreLogic Case-Shiller Home Price Indices rose to their highest level since 2005 in March. National home prices rose by 13.20 percent year-over-year as compared to February’s reading of 12.00 percent growth. The Case-Shiller 20-City Home Price Index reported average year-over-year home price gains of 13.30 percent in March. Phoenix, Arizona continued to lead the 20-City Index with a year-over-year home price growth of 20 percent. San Diego, California followed with home price growth of 19.10 percent; Seattle, Washington reported year-over-year home price growth of 18.30 percent. How the Covid Pandemic Impacted  Home Prices Real estate pros…
Read More
24 May 2021
By Mark Feder

What’s Ahead For Mortgage Rates This Week – May 24, 2021

Financial Reports
Last week’s economic reporting included readings from the National Association of Home Builders, data on sales of existing homes, and reports on housing starts and building permits issued. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Home Builder Confidence Unchanged in May The National Association of Home Builders Housing Market Index reading for May was unchanged from April’s reading of 83. Readings higher than 50 indicate that most home builders were positive about housing market conditions. Component readings for builder confidence in housing market conditions in May were mixed; builder confidence in current market conditions was…
Read More
05 Apr 2021
By Mark Feder

What’s Ahead For Mortgage Rates This Week – April 5, 2021

Financial Reports
Last week’s economic reports included readings on home prices, pending home sales, and construction spending. Data on public and private-sector employment and the national unemployment rate were published along with weekly readings on mortgage rates and jobless claims.  vLast week’s economic reports included readings on home prices, pending home sales, and construction spending. Data on public and private-sector employment and the national unemployment rate were published along with weekly readings on mortgage rates and jobless claims. Last week’s economic reports included readings on home prices, pending home sales, and construction spending. Data on public and private-sector employment and the national unemployment…
Read More