24 Sep 2018
By RESCO Realty

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

Financial Reports, ,
Last week's economic releases included readings on the NAHB Housing Market Index, sales of pre-owned homes, and housing starts. Weekly readings on mortgage rates and first-time jobless claims were also released. NAHB: Home Builder Confidence in Market Conditions Holds Steady The National Association of Home Builders reported an index reading of 67 for September, which matched August's reading. Growing concerns over impacts of tariffs on building material costs have slowed builders' confidence in current and future market conditions. Components of the NAHB Housing Market Index include readings on current conditions, which gained one point to 74; builder confidence in market…
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17 Sep 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – September 17th, 2018

Financial Reports, ,
Last week's economic news included readings on consumer credit, inflation and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released. Fed Reports Consumer Credit Jumps in July The Federal Reserve reported that consumer credit rose from $9 billion in June to $17 billion in July. Analysts said a majority of consumer credit was issued for education loans and auto loans. June's reading was revised downward to $8.50 billion from the original reading of $10.2 billion. Credit card debt increased by 1.50 percent in July after declining by – 1.40 percent in June. Non-revolving consumer debt…
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10 Sep 2018
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – September 10th, 2018

Financial Reports, ,
Last week's economic news included readings on construction spending, along with public and private-sector jobs growth. The national unemployment rate, weekly reports on mortgage rates and new jobless claims were also released. Construction Spending Rises in July July construction spending ticked up to 0.10 percent from June's negative reading of -0.80 percent. Year-over-year, construction spending was 5.80 percent higher than for July 2017.Public-sector construction accounted for most of the growth and increased by 0.70 percent as private-sector construction projects decreased by -0.10 percent. Month-to-month spending readings can be volatile, but analysts said that construction spending for the first seven months…
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