Real estate blog entries tagged with mortgage rate outlook by Bob Elliot, 20+ Yrs Industry Experience (eXp Realty)

Home : Blogs : Bob Elliot : Real Estate Info Matters : Tag "mortgage rate outlook"

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - May 20th, 2019 - 05/20/19 08:44 AM

Last week's economic reports included readings from the National Association of Home Builders on housing market conditions, housing starts and building permits issued. Consumer sentiment was reported along with weekly readings on mortgage rates and new jobless claims.
NAHB: Builder Confidence Rises in May, Housing Starts Increase in April
The National Association of Home Builders Housing Market Index posted its highest reading in seven months in May as headwinds facing home construction waned. Lower mortgage rates were a positive sign. May's reading rose three points to 66; component readings also rose.
The index of builder confidence in current housing market conditions rose three points to … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - May 13th, 2019 - 05/13/19 09:26 AM

Last week's economic news included readings on job openings and inflation. Weekly reports on mortgage rates and first-time jobless claims were also released.
April Inflation Falls Short of Expectations
The Consumer Price Index for April fell by 0.10 percent to 0.30 percent. Analysts expected a reading of 0.40 percent, which hatched the March reading. The Core Consumer Price Index excludes volatile food and fuel sectors; core inflation grew by 0.10 percent in April, which matched the March reading and fell short of the expected growth rate of 0.20 percent.
The Federal Reserve has set an annual inflation rate of 2.00 percent as a benchmark … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - May 6th, 2019 - 05/06/19 06:03 AM

Last week's economic news brought good news to U.S. consumers on several fronts. Mortgage rates fell and national unemployment fell to its lowest rate in 50 years. Inflation slowed and the Federal Reserve held its target federal funds rate steady.
Freddie Mac analysts credited strong labor markets, high consumer confidence and falling mortgage rates as factors setting the stage for more home sales.
Pending Home Sales Rise as Construction Spending Falls
The National Association of Realtors® reported higher pending home sales in March; home sales under contract but not completed rose 3.89 percent in March as compared to February's negative reading of -1.00 percent … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - April 29th, 2019 - 04/29/19 10:06 AM

Last week's economic reporting included readings on sales of new and pre-owned homes; weekly reports on mortgage rates and new jobless claims were also released along with a report on consumer sentiment.
Sales of New Homes Hit 16-Month High
The Commerce Department reported that deep discounts offered by home builders boosted sales of new single-family homes to 692,000 sales on a seasonally-adjusted annual basis.
March sales exceeded February's reading by 4.50 percent and exceeded the expected sales pace of 656,000 sales. The average price of new single family homes fell to $302,700 in March; this was 9.70 percent lower year-over-year.
Real estate pros reported higher … (0 comments)

mortgage rate outlook: What’s Ahead For Mortgage Rates This Week – April 22nd, 2019 - 04/22/19 10:00 AM

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 market conditions in … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - April 14th, 2019 - 04/15/19 03:04 PM

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 growth. Inflation increased 1.90 … (3 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - April 8th, 2019 - 04/08/19 11:27 AM

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 for homes and lower … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - April 1st, 2019 - 04/01/19 07:21 AM

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 Index charted its third … (2 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - March 25th, 2019 - 03/25/19 09:43 AM

Last week's economic news included readings from the National Association of Home Builders, Federal Reserve Federal Open Market Committee and a press conference by Fed Chair Jerome Powell.
Sales of pre-owned homes in February were reported along with weekly readings on mortgage rates and new jobless claims.
NAHB: Builder Confidence Unchanged Despite Headwinds
Home builders remained confident about housing market conditions in March. The NAHB Housing Market Index posted a reading of 62, which matched February's reading and fell one point short of expectations. NAHB Index readings above 50 represent a positive outlook on housing market conditions.
Home builders continued to face obstacles including high … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - March 18th, 2019 - 03/18/19 08:12 AM

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 negative reading of –2.10 … (1 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - March 4th, 2019 - 03/04/19 08:57 AM

Last week's economic reports included readings from Case-Shiller Housing Price Indices and Commerce Department reports on housing starts and building permits issued.
Readings on pending home sales and consumer confidence were released along with weekly reports on mortgage rates and initial jobless claims.
Case-Shiller Home Price Growth Slows to Lowest Rate in Four Years
Home prices continued to grow in December but reached their slowest pace since November2014. Seasonally-adjusted annual home price growth reached 4.70 percent in December as compared to growth of 5.10percent year-over-year in November.
Analysts cited high home prices, and slim inventories of available homes, although demand for homes eased in some … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - February 19th, 2019 - 02/19/19 08:47 AM

Last week's economic reports included readings on the Consumer Price Index, Core CPI, Retail Sales and Retail Sales excluding autos. The University of Michigan also released its Consumer Sentiment Index. Weekly readings for mortgage rates and first-time jobless claims were also released.
Retail Sales Slip in December, Inflation Holds Steady
December retail sales were 1.20 percent lower in December; analysts expected no growth as compared to November's retail sales growth of 0.10 percent. Readings for retail sales excluding the automotive sector were also lower in December with a negative reading of -1.80 percent. Analysts expected a negative reading of -0.10 percent.
November's reading of -0.20 … (1 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - February 11th, 2019 - 02/11/19 07:28 AM

Last week's economic news included Federal Reserve Chair Jerome Powell and weekly readings on mortgage rates and new jobless claims.
Fed Faced with Public Mistrust of Institutions
Federal Reserve Chair Jerome Powel said in a speech to a group of teachers that the Federal Reserve is paddling against a current of public mistrust of the institution. Mr. Powell assured his audience that the Fed was "working in a non-political way" to support the economy.
Mr. Powell said that the Fed was working to earn public trust and said that the Central Bank must be accessible to ordinary Americans and lawmakers. In support of his … (0 comments)

mortgage rate outlook: What’s Ahead For Mortgage Rates This Week – January 28th, 2019 - 01/28/19 07:12 AM

Last week’s economic news included readings on sales of previously owned homes and weekly readings on average mortgage rates and new jobless claims. A scheduled report on sales of new homes was not available due to the government shutdown.
National Association of Realtors®: Sales of Pre-Owned Homes Lowest in 3 Years
Sales of previously owned homes fell in December and failed to meet expectations. 4.99 million pre-owned homes were sold on a seasonally-adjusted annual basis; analysts predicted 5.10 million sales based on 5.33 million sales in November 2018. December’s reading showed the lowest number of sales since November of 2015.
Sales of previously-owned homes … (0 comments)

mortgage rate outlook: What’s Ahead For Mortgage Rates This Week – January 22nd, 2019 - 01/24/19 10:02 AM

Last week’s economic reports included National Association of Home Builders’ Housing Market Index, the Federal Reserve’s Beige Book report and the University of Michigan’s Consumer Sentiment Index. Weekly readings on mortgage rates and first-time jobless claims were also released.
Commerce Department readings on housing starts and building permits issued were delayed due to the federal government shutdown, which continued and became the longest government shutdown on record.
NAHB: Builder Confidence Rises Amid Headwinds
Home builder confidence rose two points in January according to the National Association of Home Builders. Builder concerns over rising construction costs and tariffs on building materials were balanced by falling … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - January 7th, 2019 - 01/07/19 07:04 AM

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 small companies added … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - December 17th, 2018 - 12/17/18 11:10 AM

Last week's economic reports included readings on inflation and retail sales. Weekly readings on mortgage rates and new jobless claims were also released.
Retail Sales Grow, Inflation Unchanged in November
November retail sales grew by 0.20 percent in November as compared to expectations of 0.10 percent and October's reading of 1.10 percent growth. Core retail sales, which exclude automotive sales, grew by 0.20 percent and met expectations. Analysts said online stores pushed retail sales growth in November.
Inflation held steady in November as expected. Inflation grew by 0.30 percent in October. Core inflation, which excludes volatile fuel and food sectors, rose by 0.20 percent, which … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - December 10th, 2018 - 12/11/18 07:26 AM

Last week's economic reports included readings on construction spending and Labor Department readings on private and public jobs growth. The Consumer Sentiment Index was released along with weekly readings on mortgage rates and new jobless claims.
Construction Spending Slows in October
Residential construction slowed in last month as public works projects increased. Private sector construction spending fell by -0.10 percent as compared to expected growth of 0.30 percent and last month's negative reading of -0.10 percent.
Construction spending for October was $1.309 billion on a seasonally adjusted annual basis as compared to September's revised reading of $1.311 billion. Overall construction spending was 4.90 percent … (0 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - December 3rd, 2018 - 12/03/18 07:45 AM

Last week's economic news included readings from Case-Shiller Home Price Indices, sales of new homes and pending home sales. FHFA increased maximum loan limits permitted for mortgages held or guaranteed by Fannie Mae and Freddie Mac. Weekly readings for mortgage rates and first-time jobless claims were also released.
Case-Shiller Indicates Slow-Down in Home Price Growth
Home prices slowed their growth in September according to Case-Shiller. David Blitzer, CEO and Chairman of S & P Dow Jones Indices, said "Home prices plus data on house sales and construction confirm the slowdown in housing.
Rapidly rising home prices have sidelined new and moderate-income home buyers; slim … (1 comments)

mortgage rate outlook: What's Ahead For Mortgage Rates This Week - November 26th, 2018 - 11/26/18 09:39 AM

Last week's economic readings included readings from the National Association of Home Builders Housing Market Index, National Association of Realtors® report on sales of pre-owned homes and Commerce Department readings on housing starts and building permits issued. Weekly reports on mortgage rates and first-time jobless claims were also released.
Housing Market Challenges Catch Up to Builder Sentiment
According to the National Association of Home Builders, overall builder sentiment fell six points to November's reading of 60. This was the largest decline in builder sentiment since 2016. Ongoing concerns over lot and labor shortages and rising costs of building materials were cited along with … (0 comments)

Related Links: