01 Apr 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – April 1st, 2019

Financial Reports, ,
Last week's economic reports included readings from Case-Shiller on home price growth, Commerce Department readings on housing starts and building permits issued. The Conference Board issued its monthly reading on consumer confidence. Pending home sales and weekly reports on mortgage rates and first-time jobless claims were also released. Case-Shiller Home Price Indices: Price Growth Slows in January S&P Case-Shiller Indices reported the slowest rate of home price growth in six years. January readings suggested that home price growth slowed due to easing demand. Affordability concerns sidelined buyers; participation of first-time home buyers remained lower than average. Case-Shiller's 20-City Home Price…
Read More
18 Mar 2019
By RESCO Realty

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

Financial Reports, ,
Last week’s economic reports included readings on retail sales, inflation and construction spending. New home sales Consumer sentiment readings were posted along with weekly readings on mortgage rates and first-time jobless claims. Retail Sales Increase after Lowest Reading in 10 Years Retail sales rose by 0.20 percent in January; analysts expected an increase of 0.10 percent based on December’s negative revised reading of -1.60 percent. Home centers and internet retailers led in overall sales; retail sales without the automotive sector were higher with an 0.90 percent increase in January, which exceeded expectations of an 0.40 percent increase. December had a…
Read More
11 Mar 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – March 11h, 2019

Financial Reports, ,
Last week's economic news included readings on new home sales, construction spending, and housing starts. Data on building permits was released along with Labor Department reports on public and private-sector jobs and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims were also released. Construction Spending Slows as New Home Sales Rise in December Commerce Department data for December indicated less construction spending than for November. Construction spending dipped by -o.60 percent as compared to analyst expectations of a negative reading of -0.30 percent. Construction spending grew by 0.90 percent in November. Lower cash outlays for…
Read More