|For the Week Ending July 19, 2018|
Please enjoy this quick update on what happened this week in the housing and financial markets.
|Retail sales rose for a fifth straight month in June. A tight labor market and lower taxes have supported solid gains in household purchases.|
|Investors say the economy has plenty of steam despite bond market and trade fears. A flattening bond yield curve has caused concern in some circles.|
|The number of filings for unemployment benefits fell last week, hitting its lowest level in more than 48-1/2 years. The labor market continues to strengthen.|
|As expected, the NAHB Housing Market Index remained at 68 this month. The reading indicates a strong level of builder confidence in the new home market.|
|Inventory shortages have extended to land shortages as well. Homebuilding fell to a nine-month low in June, and permits declined for a third straight month.|
|While permits to build single-family homes rose 0.8% in June, they trailed starts, suggesting moderate gains in single-family homebuilding in the months ahead.|
I got fired from my job as a taxi driver. It turns out my customers didn't like it when I tried to go the extra mile.
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.
Here is the Video version of this week's Markets in a Minute:
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