26 Apr 2021
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – April 26, 2021

Financial Reports, ,
Last week’s scheduled economic news included readings on sales of new and previously-owned homes and weekly reports on jobless claims and mortgage rates. March Sales of  Previously-owned Homes Dip; New Home Sales Rise Sales of single-family homes fell in March as demand for homes exceeded availability. 6.01 million previously-owned homes were sold in March on a seasonally-adjusted annual basis; analysts expected a pace of 6.11 million sales based on February’s reading of 6.24 million sales of existing homes. The March reading for sales of pre-owned homes was 3.70 percent lower year-over-year and was the lowest sales pace reported since August…
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19 Apr 2021
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – April 19, 2021

Financial Reports, ,
Last week’s economic news included readings from the National Association of Home Builders on housing markets along with Commerce Department readings on housing starts and building permits issued.  Fed Chair Jerome Powell appeared on 60 Minutes. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Homebuilder Confidence Ticks Up The National Association of Home Builders reported that home builders’ confidence in housing market conditions rose one point to an index reading of 83. Builder confidence readings over 50 indicate that most builders consider housing market conditions as positive. Component readings used for the NAHB Housing Market Index…
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12 Apr 2021
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – April 12, 2021

Financial Reports, ,
Last week’s economic reporting included readings from the Federal Reserve’s Federal Open Market Committee and a speech given by Fed Chair Jerome Powell. Weekly reports on mortgage rates and jobless claims were also released. FOMC Minutes: Fed’s Monetary Policy Stance to Remain “Accommodative” The Federal Open Market Committee of the Federal Reserve released minutes of its meeting held March 16 and 17. The meeting minutes indicated split opinions on the U.S. economy’s outlook. Several members expected inflation to rise due to constricted supply chains and high demand for goods and services. This scenario resembles trends in residential real estate where…
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05 Apr 2021
By 24hr Mortgage

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…
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01 Mar 2021
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – March 1, 2021

Financial Reports, ,
Last week’s economic reports included readings from Case-Shiller on home prices, the Federal Housing Finance Agency also reported on home prices and the Commerce Department released data on sales of new homes and pending home sales. The University of Michigan released its Consumer Sentiment Index, and weekly readings on mortgage rates and jobless claims were released. Case-Shiller Home Price Indices Report Fastest Price Growth in 7 Years The S&P Case Shiller National Home Price Index reported December home prices rose at the fastest pace since 2014. The National Home Price Index posted a year-over-year home price growth rate of 10.40…
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16 Feb 2021
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – February 15, 2021

Financial Reports, ,
Last week’s scheduled economic reporting included readings on inflation, Federal Reserve Chair Jerome Powell’s speech on U.S. labor markets, and weekly readings on mortgage rates and jobless claims. Oil Prices Push Inflation Higher in January Rising oil and gasoline prices drove a jump in January’s consumer price index. Inflation rose 0.30 percent month-to-month, which matched analysts’ expectations. The year-over-year inflation rate rose to 1.40 percent but remained lower than the pre-pandemic annual pace of 2.30 percent. The core inflation rate, which excludes volatile food and energy sectors, was unchanged in January. Some analysts expect stronger inflation throughout 2021 due to…
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