07 Jan 2019
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – January 7th, 2019

Financial Reports, ,
Last week's economic reports included Labor Department readings on private and public sector jobs, the national unemployment rate. Weekly readings on mortgage rates and first-time jobless claims were also released. Monthly reporting on construction spending was delayed due to the government shutdown. Public and Private-Sector Jobs Growth Exceeds Expectations ADP reported 271private sector jobs added in December as compared to 157,000 jobs added in November. Analysts expected 182,000 jobs added for December and said that December's reading was the highest number of jobs added in almost two years. Large companies added 54,000 jobs, medium sized companies added 129,000 jobs and…
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31 Dec 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – December 31st, 2018

Financial Reports, ,
Last week's economic reports included readings from Case-Shiller Housing Market Indices, National Association of Realtors® on pending home sales and weekly readings on mortgage rates and new jobless claims.   The Commerce Department's reading on sales of new homes was delayed due to the federal government's shutdown. Case-Shiller: Home Price Growth Lowest in Two Years Home price growth was nearly nil with October's month-to-month reading of 0.40 percent; The Case-Shiller 20-City Home Price Index showed a year-over-year home price growth rate of 5.50 percent, which matched September's year-over-year reading. Las Vegas, Nevada led home price growth in the 20-city index…
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24 Dec 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – December 24th, 2018

Financial Reports, ,
Last week's economic news included readings from the National Association of Home Builders, Commerce Department readings on housing starts and National Association of Realtors® report on sales of previously-owned homes. Weekly reports on mortgage rates and first-time jobless claims were also released. NAHB: Home Builders Lose Confidence as Housing Crunch Continues Homebuilder confidence fell to a 36 month low in December as homebuilder concerns over rising home prices, high mortgage rates and decreasing inventories of available homes sidelined home buyers. The NAHB Housing Market Index fell four points to 56. Components of the Housing Market Index reading also fell as…
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