Last week’s economic news included readings on sales of new and previously-owned homes and consumer sentiment. Weekly average mortgage rates were also released, but readings for jobless claims were not released due to the Christmas holiday. Single-Family Home Sales Fall in November Sales of new and previously owned homes were lower in November. Fear of rising covid-19 cases and the usual slump in home sales during the winter holidays contributed to fewer home sales. Rapidly rising home prices cooled buyer interest; short supplies of pre-owned homes for sale drove prices of new homes … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 21, 2020
Last week’s economic news included readings on housing market conditions, housing starts, building permits issued, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. National Association of Home Builders Reports Record High Builder Confidence The NAHB reported record high builder confidence in housing market conditions. The Housing Market Index had an index reading of 83 in September as compared to August’s reading of 78. Analysts said that this builder confidence reading was notable due to rising costs for building materials. Component … [Read more...]
Get Your Finances In Order With A Few Simple Steps
If you are looking to buy a home one day but don’t think you are ready just yet, you are not alone. One of the most important tasks that you have to complete involves getting your finances in order. There are a few ways to get your finances in order before you buy, no matter how long you have been waiting to buy a home. Getting your finances in order with these simple steps can help you become a more competitive applicant both for a mortgage and a home that is on the market. Focus On Your Credit Score While it is true that your credit doesn’t have to be perfect in order to get a … [Read more...]
What’s Ahead For Mortgage Rates This Week – July 27, 2020
Last week’s economic reporting included readings on sales of new and previously owned homes. State and federal data on new and continuing jobless claims were released along with Freddie Mac’s weekly report on mortgage rates. Sales of New and Existing Homes Rise in June Sales of new homes rose at their highest rate in 13 years according to the Commerce Department. New homes sold at a seasonally-adjusted annual pace of 776,000 sales, which exceeded the expected reading of 710.000 new single-family homes sold and May’s reading of 682,000 new homes sold. Analysts said that … [Read more...]
Money Compass: How To Set Financial Priorities
Being conscious about your finances and setting goals for your money can help you achieve your dreams at any stage in life. Here are some helpful tips to remember when you are making plans for your money and setting your financial priorities: Identify Your Goals Remember that you can do anything you want with your money, but you can’t do everything you want. You will never have the unlimited resources to achieve all of your goals, so focus on which goals are most important to you and concentrate your efforts on those. To accomplish these most important goals you will need to put some … [Read more...]