02 Apr 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 2nd, 2018

Financial Reports, ,
Last week's economic releases included readings from Case-Shiller, pending home sales, and consumer sentiment. Weekly reports on mortgage rates and first-time jobless claims were also released.     Case-Schiller: Home Prices Continue to Rise According to Case-Shiller Home Price Index reports for January, U.S. home prices continued to rise at a rapid pace with the national home price index rising at a seasonally-adjusted annual rate of 6.20 percent. Case-Shiller's 20-City Home Price Index rose by 6.40 percent year-over-year. Seattle, Washington held the top spot with year-over-year home price growth of 12.90 percent. Las Vegas, Nevada reported year-over-year home price growth of…
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26 Mar 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – March 26th, 2018

Financial Reports, ,
Last week's economic releases included readings on new and pre-owned home sales and the Federal Open Market Committee's customary post meeting statement. Fed Chair Jerome Powell gave his first press conference as Chair of the Federal Reserve and FOMC. Weekly readings on mortgage rates and first-time jobless claims were also released. February Sales of Pre-Owned Homes Exceed Expectations, New Home Sales Fall Short Sales of previously-owned homes exceeded expectations at a seasonally-adjusted annual rate of 5.54 million sales. Analysts expected a rate of 5.40 million sales based on January's reading of 5.38 million sales. Lawrence Yun, National Association of Realtors® Chief…
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19 Mar 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – March 19th, 2018

Financial Reports, ,
Last week's economic news included readings From National Association of Home Builders, Commerce Department reports on housing starts and building permits issued Weekly readings on mortgage rates and new jobless claims were also released. NAHB Posts 3rd Consecutive Decline in Builder Confidence According to the National Association of Home Builders, builder confidence in housing market conditions dropped by one point in March to an index reading of 70. Three sub-categories of builder sentiment used to calculate the overall reading were either unchanged or lower than February readings.  Confidence in current market conditions were unchanged at 72, Builder confidence in market…
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