Mortgage Rates Archives – Page 40 of 74

12 Oct 2020

What’s Ahead For Mortgage Rates This Week – October 12, 2020

Financial ReportsFinancial Report, Jobless Rates, Mortgage Rates

Last week’s economic reporting included readings on inflation, job openings, a speech by Fed Chair Jerome Powell on the economy, and the latest Consumer Sentiment Index from the University of Michigan. Weekly reports on new and continuing jobless claims and mortgage rates were also released. Hiring Surge and Job Separations Ease in August The U.S. Department of Labor reported fewer job openings in August with 6.49 million job openings reported as compared to July’s reading of 6.70 million jobs available. Analysts noted that this indicated a slowdown in hiring after businesses re-opened when COVID-19 restrictions lapsed. Job separations, which include…

What’s Ahead For Mortgage Rates This Week – September 21, 2020

Financial ReportsFinance, Jobless Claims, Mortgage Rates

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 readings of the NAHB Housing Market Index also rose in September. Builder confidence in…

What’s Ahead For Mortgage Rates This Week – August 31, 2020

Financial ReportsCase Shiller, Economic News, Mortgage Rates

Last week’s economic news included readings from Case-Shiller Home Price Indices, along with data on new and pending home sales. Weekly readings on mortgage rates and new and continuing jobless claims were also published. Case-Shiller: Home Price GrowthHolds Steady in June National home prices grew at a seasonally-adjusted annual pace of 4.30 percent in June, which was unchanged from May’s year-over-year growth rate for home prices. The 20-City Home Price Index rose by 3.50 percent year-over-year in June. Phoenix, Arizona reported the leading year-over-year home price growth rate of 9.00 percent. Seattle, Washington held second place with a year-over-year…