Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – October 11, 2021

Last week’s scheduled economic news included readings on public and private-sector jobs and the national unemployment rate. Weekly readings on mortgage rates and jobless claims were also published. Non-Farm Payrolls: Jobs Growth Dips Sharply in September U.S. jobs growth dipped sharply in September according to the federal government’s Non-Farm Payrolls report. 194,000 public and private sector jobs were added and fell far short of the expected reading of 500,000 jobs added. 366,000 public and private sector jobs were added in August. Hiring lagged as continuing concerns over Covid kept workers at home. Less hiring at public schools reduced September’s jobs…
Read More
Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – October 4, 2021

Last week’s economic reporting included readings from S&P Case Shiller Home Price Indices, the National Association of Realtors®' report on pending home sales, and the University of Michigan’s final consumer sentiment index for September. Weekly readings on mortgage rates and jobless claims were also released. S&P Case-Shiller Reports 4th Consecutive Month of Record Home Price Growth July Home Prices grew at a year-over-year pace of 19.70 percent as compared to June’s home price growth rate of 18.70 percent according to S&P Case-Shiller’s National Home Price Index. The S&P Case-Shiller 20-City Home Price Index reported that July home prices grew by…
Read More
Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – September 27, 2021

Last week’s economic news included reporting on housing markets, housing starts, and building permits issued. Data on new and existing home sales were published along with weekly reports on mortgage rates and jobless claims. NAHB: Builder Confidence Ticks Up as Demand for Homes Holds Steady The National Association of Home Builders reported a one-point gain in its Housing Market Index for September with an index reading of 76. Analysts expected no change based on August’s reading of 75. Component readings for the HMI were mixed; the index reading for builder confidence in current market conditions rose one point to 82.…
Read More