02 Apr 2018
By Mark Feder

What’s Ahead For Mortgage Rates This Week – April 2nd, 2018

Financial Reports
Last week's economic releases included readings from Case-Shiller, pending home sales, and consumer sentiment. Weekly reports on mortgage rates and first-time jobless claims were also released.     Case-Schiller: Home Prices Continue to Rise According to Case-Shiller Home Price Index reports for January, U.S. home prices continued to rise at a rapid pace with the national home price index rising at a seasonally-adjusted annual rate of 6.20 percent. Case-Shiller's 20-City Home Price Index rose by 6.40 percent year-over-year. Seattle, Washington held the top spot with year-over-year home price growth of 12.90 percent. Las Vegas, Nevada reported year-over-year home price growth of…
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12 Mar 2018
By Mark Feder

What’s Ahead For Mortgage Rates This Week – March 12th, 2018

Financial Reports
Last week's economic releases included reports on Non-Farm Payrolls, ADP payrolls, and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released. Public and Private Sector Jobs Show Mixed Readings ADP Payrolls reported 235,000 private sector jobs added in February as compared to January's updated reading of 243,000 jobs added. Analysts estimated 205,000 private sector jobs would be added, but this was based on the original reading of 234,000 jobs added. February was the fourth consecutive month when private sector job growth exceeded 200,000 jobs. According to the federal government, Non-Farm payrolls added 74000…
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29 Jan 2018
By Mark Feder

What’s Ahead For Mortgage Rates This Week – January 29, 2018

Mortgage Rates
Last week's economic news included releases on new and existing home sales along with weekly readings on mortgage rates and first-time jobless claims. Home Sales Fall Due to Slim Supply of Homes December sales of previously-owned homes dipped to an 18-year low with a reading of 5.57 million sales on a seasonally-adjusted annual basis. Pre-owned home sales were expected to reach 5.73 million homes based on November's downwardly- revised reading of 5.78 million sales. December sales were 3.6 percent lower month-to-month, but were 1.10 percent higher year-over-year. Analysts credited the shortage of sales to tight inventories of homes for sale.…
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22 Jan 2018
By Mark Feder

What’s Ahead For Mortgage Rates This Week – January 22, 2018

Mortgage Rates
Last week's economic news included readings on home builder confidence, housing starts and building permits issued. Weekly readings on mortgage rates and new jobless claims were also released; the week wrapped with the University of Michigan's report on consumer sentiment. Home Builder Confidence Dips, Remains in Positive Territory According to the National Association of Home Builders, builder confidence dropped two points in January to 72, but high demand for homes continued to provide builders with positive outlooks on housing market conditions. While continued concerns over labor and lot shortages were cited, home builders surveyed for January's Housing Market Index said…
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