Mortgage Market Watch

By
Mortgage and Lending with Academy Mortgage Corporation NMLS #229617

Here is a quick update on what is happened over the last week in the housing and financial market. Please let me know if you have any questions. 

  • The labor market improved as fewer Americans filed for weekly unemployment benefits. This adds to speculation that the Fed may raise the policy rates this month.
  • Inflation pressure continues to be weak as import prices continued to drop. 
  • Global economies remained weak. Mortgage rates have remained stable while the markets wait for a Fed decision

Housing News

  • More respondents of Fannie Mae's Home Purchase Sentiment Index thing it is a good time to buy a new home. Low mortgage rates are helping to build that confidence. 
  • New home sales are up by more than 20% from last year. We should see a continued upswing in new home builds as the the resale market shrinks. 

 

 Market trends and conditions can change quickly. For the most current information please contact me. 

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