Weekly Mortgage Market Update for March 14, 2019

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Mortgage and Lending with VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender NMLS 220268 / 3035
For the Week Ending March 14, 2019

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

 

Wholesale prices barely rose in February, after falling for 3 straight months. This is a sign there is little inflation pressure in the economy, which is good for rates.
Retail sales edged up in January, but December was revised sharply lower. The increase was mainly due to discretionary spending and purchases of building materials.
Import prices rose in February by the most in 9 months. However, the trend in imported inflation remains weak, supportive of rates staying low.

 

New home sales declined to a 3-month low in January. The government shutdown and a battered stock market appear to have hurt sales.
Construction spending posted its biggest increase in 9 months. However, private residential projects dropped 0.3%, falling for the 6th straight month.
The latest design trends include bolder color schemes and brass finishes, particularly in the kitchen and bathroom.

 

"Worrying doesn't empty tomorrow of its sorrow, it empties today of its strength."
Corrie Ten Boom

 

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. 

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Brian Skaar

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