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What’s Ahead For Mortgage Rates This Week – October 9, 2017

Fixed mortgage rates rose by two basis points last week as the average rate for a 5/1 adjustable rate mortgage dropped by two basis points. Construction spending returned to positive territory, but job growth dropped in public and private sectors. National unemployment was lower. . . . → Read More: What’s Ahead For Mortgage Rates This Week – October 9, 2017

What’s Ahead For Mortgage Rates This Week – September 25th, 2017

Last week’s economic news included readings on housing starts, building permits issued and sales of pre-owned homes. The Fed’s Federal Open Market Committee issued its customary post-meeting statement and Fed Chair Janet Yellen gave a press conference. Weekly readings on mortgage rates and new jobless claims were also released. . . . → Read More: What’s Ahead For Mortgage Rates This Week – September 25th, 2017

What’s Ahead For Mortgage Rates This Week – August 28, 2017

Last week’s economic news included readings on sales of new and previously-owned homes, Weekly readings on mortgage rates and new jobless claims were also released, along with coverage of Fed Chair Janet Yellen’s remarks at a conference in Jackson Hole, Wyoming. . . . → Read More: What’s Ahead For Mortgage Rates This Week – August 28, 2017

What’s Ahead For Mortgage Rates This Week – August 21, 2017

Last week’s economic readings included the National Association of Home Builders Housing Market Index and readings on housing starts and building permits issued. Consumer sentiment for August was reported by the University of Michigan. Weekly reports on mortgage rates and new jobless claims were also released. . . . → Read More: What’s Ahead For Mortgage Rates This Week – August 21, 2017

What’s Ahead For Mortgage Rates This Week – August 14, 2017

Job openings rose in June to 6.20 million as compared to May’s reading of 5.70 million job openings. Analysts said that increasing job vacancies show that employers are unable to find qualified workers. Business services, construction, health care and professional job sectors had the most job openings. Slow wage growth could be contributing to widespread job openings. Average wage growth has been running at approximately 2.50 percent, which is lower than the average of 3.50 to 4.00 percent typically seen during economic expansion. . . . → Read More: What’s Ahead For Mortgage Rates This Week – August 14, 2017

What’s Ahead For Mortgage Rates This Week – August 7, 2017

Last week’s economic news included readings on pending home sales, construction spending. Several reports related to employment were also posted along with weekly readings on mortgage rates and new jobless claims. . . . → Read More: What’s Ahead For Mortgage Rates This Week – August 7, 2017

What’s Ahead For Mortgage Rates This Week – July 31, 2017

Last week’s economic news included readings on new and existing home sales, Case-Shiller Home Price Index reports and an announcement by the Federal Open Market Committee of the Federal Reserve. Weekly readings on mortgage rates and new jobless claims were also released. . . . → Read More: What’s Ahead For Mortgage Rates This Week – July 31, 2017

What’s Ahead For Mortgage Rates This Week – July 24, 2017

Last week’s economic news included releases from the National Association of Home Builders and releases from the Commerce Department on housing starts and building permits issued. Weekly readings on mortgage rates and new jobless claims were also released. . . . → Read More: What’s Ahead For Mortgage Rates This Week – July 24, 2017

What’s Ahead For Mortgage Rates This Week – July 17, 2017

Economic reports released last week included readings on inflation, core inflation, and Fed Chair Janet Yellen’s testimony. Mortgage rates and new jobless claims were released as usual along with a monthly report on consumer sentiment. . . . → Read More: What’s Ahead For Mortgage Rates This Week – July 17, 2017

What’s Ahead For Mortgage Rates This Week – July 10, 2017

Last week’s economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points. . . . → Read More: What’s Ahead For Mortgage Rates This Week – July 10, 2017