What’s Ahead For Mortgage Rates This Week – October 15th, 2019

Last week’s economic releases included readings on inflation, an essay from Dallas Federal Reserve President Robert Kaplan and the monthly consumer sentiment index. Weekly reports on mortgage rates and new jobless claims were also released. Inflation Flat in September Inflation did not change in September; August’s reading showed 0.10 percent growth, which matched the July reading. Falling gasoline prices caused the flat reading. Analysts said that cooling inflation may prompt Federal Reserve policymakers to cut the target Federal Funds interest rate range at their next meeting. The core inflation rate, which excludes volatile food and fuel sectors rose 0.10 percent…
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What’s Ahead For Mortgage Rates This Week – October 7th, 2019

Last week’s economic news included readings on construction spending, and labor reports on public and private sector jobs and the national unemployment rate. Weekly reports on new jobless claims and mortgage rates were also released. Construction Spending Ticks Up in August Commerce Department reporting on construction spending showed 0.10 percent growth in August as compared to a revised flat reading for July. Construction spending hit a seasonally-adjusted annual rate of  $1.29 trillion for August.  Analysts expected 0.40 percent growth, which was based on the original July reading of 0.10 percent growth. Residential construction spending rose 0.90 percent in August ;…
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What’s Ahead For Mortgage Rates This Week – September 30th, 2019

Last week’s economic reports included readings from Case-Shiller on home prices along with data on new and pending home sales. Weekly readings on mortgage rates and initial jobless claims were also released. Case-Shiller: Home Price Gains Slow to Lowest Pace in 7 Years Case-Shiller Home Price Indices reported slower home price growth in July with 3.20 percent growth year-over-year. There was no change in July’s reading for the 20-City Home Price Index as compared to June after seasonal adjustments. The top-three cities in Case-Shiller’s 20-City Home Price Index were Phoenix, Arizona with 5.80 percent home price growth year-over-year. Las Vegas,…
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