August 21st 2015 Market update for Peoria Phoenix Glendale Arizona

By
Mortgage and Lending with AmeriFirst Financial BUYorREFI Team NMLS - 1330840

  • The Consumer Price Index rose slightly in July, but inflation is still not a concern. Inflation leads to higher rates, so no risk of inflation helps rates remain low. 
  • Problems in China's economy and low oil prices are causing global concern. Mortgage bonds are benefitting from the weakness, supporting lower rates

  • The Homebuilder Index rose to its highest level in almost a decade. Homebuilders view market conditions as favorable and are optimistic about future sales.
  • Housing starts rose to a near 8-year high in July, led by construction of single-family homes. A strong housing market indicates an improving economy.
  • Building permits were down slightly in July, but that follows three straight months of hefty increases. Permits are expected to improve again for August. 

 

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

Posted by

 

Michael Beckham
Mortgage Loan Orginator | NMLS 1330840
AmeriFirst Financial, Inc. | NMLS 145368
8476 W. Thunderbird Road, Suite 202, Peoria, AZ  85381

Office: 480-225-6699 | Direct: 480-289-7623 | Fax: 480-339-1635
mbeckham@amerifirst.us | www.buyorrefi.com

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