Weekly Mortgage Market Update for September 6, 2018

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 September 6, 2018

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

 

Trade issues continue to help keep mortgage rates low. Talks continue between the U.S. and Canada, but tensions are escalating between the U.S. and China.
The White House Council of Economic Advisers says wages are growing faster than "traditional measures" indicate. Wage inflation can contribute to rising interest rates.
Last week, jobless claims fell to a 49-year low as private payrolls rose in August. The sustained labor market strength should continue to drive economic growth.

 

CoreLogic's Home Price Index report for July shows home prices across the U.S. rose by 6.2% year-over-year. However, home price increases are decelerating.
A recent Harvard Business School study reveals the "Starbucks Effect" on home prices. The authors say a new Starbucks raises prices by 0.5% in a ZIP code.
A Redfin survey shows recent increases in mortgage rates aren't scaring away buyers. Only 2.6% had decided to postpone their search.

 

As I get older and remember all the people I've lost along the way, I think to myself, "Maybe a career as a tour guide wasn't for me."

 

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: 

  

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
562,132

Brian Skaar

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

Additional Information