Weekly Mortgage Market Update for 04-21-2017

By
Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035
 
 

For the Week Ending April 21, 2017

 

Please enjoy this quick update on what happened this week in the housing and financial markets.

 

 

March's Consumer Price Index, which measures inflation at the consumer level, declined 0.3% on a year-over-year basis. Decreasing inflation is good for rates.

While jobless claims were up slightly this week, the total number of people collecting unemployment benefits dropped to the lowest level in 17 years.

The Fed meets again in May to decide about rate policy. An increase is not likely at this time; however, two more increases are expected this year.

 

Housing starts were down 6.8% in March, but February's numbers were corrected higher. The drop is largely blamed on poor weather and winter storms.

Pointing to underlying strength in the housing market, building permits increased 3.6% in March. Multi-family home permits surged 13.8% from February.

Homebuilders continue to be optimistic heading into the spring, with the NAHB index at 68. High demand for new construction homes continues.

 

 

I bought one of those courses that teaches you Spanish in your sleep. During the night the CD skipped. Now I can only stutter in Spanish.

 

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 candiffer from our own and are subject to change at any time.

 

 

Here is the Video version of this information: 

Are you more interested in rates, inflation, or new homes? No matter which, you'll find news here!

 

Learn more about both in this week's Markets in a Minute:

If you have any questions on the market, loan qualification, or just want to get started on your loan, click the button below to get started online, or give me a call at 866-900-2342 toll free direct. 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
weekly mortgage market update
brian skaars weekly mortgage market update

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
603,437

Brian Skaar

VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
Let's get started:
*
*
*
*
Spam prevention

Additional Information