Weekly Mortgage Market Update for April 12, 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 April 12, 2019

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

 

The consumer price index rose less than forecast in March.A key measure of inflation, this reading supportsthe Fed's decision not to raise rates this year.
Producer prices increased by the most in 5 months in March. However, underlying prices remained soft, an indication of tame inflationary pressures.
Jobless claims fell to a 49-1/2-year low last week. Sustained labor market strength could help temper concerns of an economic slowdown.

 

Although down from January, construction job openings were higher year-over-year in February, highlighting the challenge of labor availability for builders.
Housing sentiment surged in March, with sellers the most optimistic. Consumers who say it's a good time to sell increased 13% from February, up 4% from 2018.
CoreLogic says mortgage delinquencies in January were the lowest for that month in 20 years. Serious delinquencies dropped to 1.4% from 2.1% in 2018.

 

"Discipline is the bridge between goals and accomplishment."
Jim Rohn

 

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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