07
May
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What’s Ahead For Mortgage Rates This Week – May 7th, 2018

Last week's economic releases included readings on inflation, construction spending and private and public- sector payrolls. Weekly readings on mortgage rates and first-time jobless claims were also posted. Inflation Meets Fed Goal, Construction Spending Lower March inflation reached a year-over-year rate of two percent, which is the Federal Reserve's goal for inflation. Inflation rose by 0.20 percent in March to 0.40 percent; analysts expected inflation to rise 0.50 percent. Core inflation, which excludes volatile food and energy sectors, met expectations with 0.20 percent growth. Construction spending was lower in March with a negative reading of -1.70 percent. Analysts predicted an increase…
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30
Apr
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What’s Ahead For Mortgage Rates This Week – April 30th, 2018

Last week’s economic reports included readings from Case-Shiller Home Price Indices, new and existing home sales and weekly readings on mortgage rates and first-time jobless claims. Case-Shiller: Home Prices Rise to Near Four-Year High February home prices rose 6.30 percent year-over-year and 0.50 percent month-to-month. Home prices rose just shy of a record set in 2014. The 20-City Home Price Index reported home prices were 6.80 percent higher year-over-year and rose 0.80 percent month-to-month in February. The year-over-year reading surpassed the peak reading in 2006. Home prices accelerated in contrast to analyst expectations that they nay slow as buyers deal…
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23
Apr
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What’s Ahead For Mortgage Rates This Week – April 23rd, 2018

Last week's economic reports included readings on builder confidence, housing starts and building permits issued. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Builder Confidence Drops by One Point The National Association of Home Builders reported that builder confidence dipped by one point in April to an index reading of 69. While any reading over 50 indicates positive builder sentiment, NAHB noted that builder sentiment has decreased for the past four months. During the housing bubble of 2004 and 2005, builder confidence in market conditions averaged 68, but analysts said that the post bubble crash…
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16
Apr
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What’s Ahead For Mortgage Rates This Week – April 16th, 2018

Last week's economic reports included readings on inflation, the minutes of the most recent meeting of the Fed's Federal Open Market Committee and weekly reports on mortgage rates and first-time jobless claims. The University of Michigan released its Consumer Sentiment Index for April. Inflation Grows, Fed Indicates Future Rate Hikes Likely The minutes of the Federal Open Market Committee Meeting held March 20 and 21 indicate Fed policymakers are likely to increase the target federal funds rate at their June meeting. Economic indicators including strong labor markets and low unemployment rate were cited as contributing to expectations for federal rate hikes…
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09
Apr
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What’s Ahead For Mortgage Rates This Week – April 9th, 2018

Last week's economic reports included readings on construction spending, mortgage rates and weekly jobless claims. Other labor-related claims included ADP payrolls, Non-Farm Payrolls and the national unemployment rate. Construction Spending Rises in February Construction spending was higher in February according to the Commerce Department. Spending on building projects rose by 0.10 percent in February Reuters reported that construction spending rose 0.10 percent as compared to expectations of an 0.40 percent increase and January's unchanged reading. Seasonal weather conditions typically cause lulls in building. Analysts said that residential construction spending increased by 0.10 percent to its highest level since January 2007.…
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