06 Apr 2020
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 6th, 2020

Financial Reports, ,
Last week’s economic reporting included readings on pending home sales, Case-Shiller Home Price Indices, and Bureau of Labor Statistics reports on national unemployment. Weekly readings on mortgage rates and first-time jobless claims were also released. Pending Home Sales Slow in February Before Coronavirus Took Hold The National Association of Realtors® reported fewer pending home sales in February as the coronavirus gained traction. Pending sales rose by 2.40 percent in February as compared to January’s growth rate of 5.30 percent. Before the outbreak, pending home sales gained momentum in all U.S. regions. Pending home sales are sales for which signed purchase…
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30 Mar 2020
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – March 30th, 2020

Financial Reports, ,
Scheduled monthly readings were released for new home sales and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. New Home Sales Beat Expectations in February Sales of new homes dropped 4.40 percent in February after reaching a 13-year high in January. 765,000 new homes were sold on a seasonally-adjusted annual basis, which exceeded expectations of 750,000 sales in February. New home sales were 14.30 percent higher year-over-year. Analysts said that further declines monthly new home sales are expected as the coronavirus spreads. The national median price for a new home was $345,900 and there…
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23 Mar 2020
By RESCO Realty

What’s Ahead For Mortgage Rates This Week -March 23rd , 2020

Financial Reports, ,
Last week’s economic reports included readings from the National Association of Home Builders on housing market conditions, Commerce Department readings on housing starts and building permits issued and  National Association of Realtors® reporting on sales of previously-owned homes. The Federal Reserve canceled the scheduled meeting of the Federal Open Market Committee and Fed Chair’s press conference, but the Fed did lower its target federal funds rate early in the week. Weekly readings on mortgage rates and initial jobless claims were also released.  Builder Confidence, Housing Starts and Building Permits Decrease Builder confidence in housing market conditions dropped two index points…
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