Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims. Retail Sales Increase after Lowest Reading in 10 Years Retail sales rose by 0.20 percent in January; analysts expected an increase of 0.10 percent based on December’s negative revised reading of -1.60 percent. Home centers and internet retailers led in overall sales; retail sales without the automotive sector were higher with an 0.90 percent increase in … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 11h, 2019
Last week's economic news included readings on new home sales, construction spending, and housing starts. Data on building permits was released along with Labor Department reports on public and private-sector jobs and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released. Construction Spending Slows as New Home Sales Rise in December Commerce Department data for December indicated less construction spending than for November. Construction spending dipped by -o.60 percent as compared to analyst expectations of a negative reading of -0.30 … [Read more...]
What’s Ahead For Mortgage Rates This Week – March 4th, 2019
Last week's economic reports included readings from Case-Shiller Housing Price Indices and Commerce Department reports on housing starts and building permits issued. Readings on pending home sales and consumer confidence were released along with weekly reports on mortgage rates and initial jobless claims. Case-Shiller Home Price Growth Slows to Lowest Rate in Four Years Home prices continued to grow in December but reached their slowest pace since November2014. Seasonally-adjusted annual home price growth reached 4.70 percent in December as compared to growth of 5.10percent year-over-year in … [Read more...]
What’s Ahead For Mortgage Rates This Week – February 25th, 2019
Last week's economic news included readings on homebuilder confidence in housing market conditions, minutes of January's Federal Open Market Committee meeting, and existing home sales reported by the National Association of Realtors®. Weekly readings on mortgage rates and new jobless claims were also released. NAHB: Home Builder Confidence Rises to 4-Month High Homebuilder confidence rose for the second consecutive month in February and four points higher to an index reading of 62, which exceeded analyst expectations of a one-point increase in builder confidence. Components of the NAHB … [Read more...]
What’s Ahead For Mortgage Rates This Week – February 19th, 2019
Last week's economic reports included readings on the Consumer Price Index, Core CPI, Retail Sales and Retail Sales excluding autos. The University of Michigan also released its Consumer Sentiment Index. Weekly readings for mortgage rates and first-time jobless claims were also released. Retail Sales Slip in December, Inflation Holds Steady December retail sales were 1.20 percent lower in December; analysts expected no growth as compared to November's retail sales growth of 0.10 percent. Readings for retail sales excluding the automotive sector were also lower in December with a negative … [Read more...]
