Financial Reports Archives – Page 30 of 121

13 Feb 2023

What’s Ahead For Mortgage Rates This Week – February 13, 2023

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

Last week’s economic reporting included coverage of Federal Reserve Chair Jerome Powell’s speech to the Economic Club of Washington and the University of Michigan’s data on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. Federal Reserve: Chairman Jerome Powell Says the “Disinflationary Process” is Ongoing Fed Chair Jerome Powell said in remarks made to the Economic Club of Washington that the “disinflationary process” has started, but he also indicated that January’s unexpectedly strong jobs report indicated that further interest rate hikes are necessary: “We think we need to do further rate increases and we…

What’s Ahead For Mortgage Rates This Week – February 6, 2023

Financial ReportsFinancial Report, Jobless Claims, Mortgage Rates

Last week’s economic reporting included readings on home price growth from S&P Case-Shiller and the Federal Housing Finance Administration. Monthly reports on job growth and unemployment were released by the federal government and ADP. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller HPI: Home Prices Drop in November S&P Case-Shiller Home Price Indices revealed that U.S. home prices fell for the fifth consecutive month in November. The National Home Price Index fell by -3.1 percent year over year in November as compared to a positive reading of 2.8 percent home price growth in October. Miami,…

S&P Case-Shiller Home Price Indices: Home Prices Fall In November

Financial ReportsCase Shiller, Financial Reports, Mortgage Rates

U.S. home prices continued to fall in November according to S&P Case-Shiller’s month-to-month national and 20-city home price indices, but home price growth rates remained in positive territory year-over-year. The national home price index posted a 7.70 percent year-over-year home price growth rate as of November 2022. 20-city home price index posts 5th consecutive month-to-month decrease in November The S&P Case-Shiller 20-city home price index for November reported that the top three cities for home price growth were Miami, Florida with a year-over-year home price growth rate of 18.4 percent; Tampa, Florida followed with a year-over-year home price growth rate…