Financial Reports Archives – Page 14 of 37

18 Nov 2019

What’s Ahead For Mortgage Rates This Week – November 18th, 2019

Financial ReportsFinancial Reports, Jobless Claims, Mortgage Rates

Last week’s economic reporting included readings on inflation, testimony by Federal Reserve Chair Jerome Powell, and weekly readings on mortgage rates and new unemployment claims. Rising Gas Prices Fuel Jump in Inflation Consumer inflation increased at its fastest pace in seven months according to the Consumer Price Index for October. Consumer prices rose 0.40 percent and exceeded analysts’ forecast of 0.30 percent and September’s reading of 0.00 percent inflationary growth. Analysts attributed the jump in prices to rapidly rising gasoline prices. October’s reading for core inflation, which excludes fuel and food prices, supported this view. Core inflation grew by 0.20…

What’s Ahead For Mortgage Rates This Week – November 12th, 2019

Financial ReportsFinancial Reports, Interest Rates, Mortgage Rates

Last week’s scheduled economic news included the Federal Reserve’s survey of loan officers and the University of Michigan’s report on consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. Fed Survey of Loan Officers Finds Banks Tightened Lending Standards The Federal Reserve’s survey of financial institutions found that lenders tightened standards for credit card and other consumer loan approval. Lending officials said that concerns over the economy drove decisions to tighten standards for new credit cards, auto loans, and personal loans. Lenders also tightened lending requirements for new borrowers in January and March. January’s revision…

What’s Ahead For Mortgage Rates This Week – October 28th, 2019

Financial ReportsFinancial Reports, Jobless Claims, Mortgage Rates

Last week’s economic news included readings on sales of new and previously-owned homes and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released. New Home Sales Dip in September Commerce Department readings indicated fewer sales of new homes than in August. 701,000 sales were reported in September on a seasonally-adjusted annual basis; 706,000 new homes were sold in August and analysts expected 700,000 sales of new homes. Sales fell by 0.70 percent month-to-month but were 15.50 percent higher year-over-year. September was the second time in 12 years that new home sales exceeded 700,000 in consecutive…