22 Apr 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 22nd, 2019

Financial Reports, ,
Last week's economic news included readings on home builder confidence in housing market conditions and Commerce Department reports on housing starts and building permits issued. Weekly readings on mortgage ratees and first-time jobless claims were also released. NAHB Housing Market Index: Builder Confidence Rises One Point in April Home Builder Confidence readings posted by the National Association of Home Builders held steady for April and rose one point overall. Component readings for the NAHB Housing Market Index were mixed; builder confidence in current housing market conditions rose one point to an index reading of 69, but builder confidence in housing…
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15 Apr 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 14th, 2019

Financial Reports, ,
Last week's economic readings included reports on inflation, mortgage rates, and first-time jobless claims. Monthly reporting on consumer sentiment was delayed. Consumer Price Index: Inflation Rises in March The Consumer Price Index rose 0.40 percent in March, which matched expectations and surpassed February's month-to -month reading of 0.20 percent growth. The March reading showed the highest consumer price growth in 14 months; higher rents, fuel and food prices contributed to month-to-month price gains in March. The Core CPI excludes volatile food and energy sectors and was unchanged in March although 0.20 percent growth was expected. February's reading showed 0.10 percent…
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08 Apr 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 8th, 2019

Financial Reports, ,
Last week's economic news included readings on construction spending and inflation; labor sector reports on the national unemployment rate, public and private sector employment were also released. Weekly readings on mortgage rates and new jobless claims were also released. Construction Spending Rises, Retail Sales Slip Construction spending expanded by one percent in February according to the Commerce Department spending was one percent higher month-to-month; analysts expected a negative reading of -0.10 percent. February saw a revised gain of 2.50 percent growth in construction spending. Construction spending grew 1.10 percent year-over-year; by comparison, 2016 construction spending reached 10 percent year-over-year. High demand…
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