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What’s Ahead For Mortgage Rates This Week – July 13, 2020

Last week's scheduled economic news included readings on consumer credit, job openings, jobless claims, and mortgage rates. Consumer Borrowing Declined at Slower Pace in May According to Federal Reserve data, consumer borrowing fell at a slower annual pace of -5.30 percent in May as compared to April's reading of -20 percent. Non-revolving consumer credit, which includes vehicle and student loans, increased by 2.30 percent in May. The Federal Reserve does not report on real estate loans.

By |2020-07-13T05:45:00-04:00July 13th, 2020|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – July 13, 2020
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What’s Ahead For Mortgage Rates This Week – July 6, 2020

Last week's scheduled economic reports included readings on pending home sales, Case-Shiller Home Price Indices, and labor sector reports on private and public-sector job growth. Data on construction spending was also released. Weekly readings on mortgage rates and jobless claims were also released.

By |2020-07-06T05:45:00-04:00July 6th, 2020|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – July 6, 2020
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Case-Shiller: Home Price Growth Holds Steady In April

Case-Shiller's National Home Price Index showed little change in April as home prices rose by 0.10 percent to a year-over-year average of 4.70 percent. The 20-City Home Price Index showed corresponding home price growth of 0.10 percent to 4.00 percent year-over-year.

By |2020-07-01T05:45:00-04:00July 1st, 2020|Financial Reports|Comments Off on Case-Shiller: Home Price Growth Holds Steady In April
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Fed’s Open Market Committee Holds Key Rate Steady

The Federal Reserve's monetary policy committee decided against changing the Fed's benchmark interest rate range of 0.00 to 0.25 percent. The Federal Open Market Committee said in its post-meeting statement that it is not considering raising rates until 2023. Two of 17 FOMC members felt that the Fed's key rate may rise in 2022.

By |2020-06-12T05:45:00-04:00June 12th, 2020|Financial Reports|Comments Off on Fed’s Open Market Committee Holds Key Rate Steady
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What’s Ahead For Mortgage Rates This Week – May 26th, 2020

Last week's economic news included readings from the National Association of Home Builders on housing market conditions and reports on housing starts and building permits issued. Fed Chair Jerome Powell testified before Congress about the impact of Covid-19. Weekly reports on mortgage rates and first-time jobless claims were also released.

By |2020-05-26T08:01:13-04:00May 26th, 2020|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – May 26th, 2020
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What’s Ahead For Mortgage Rates This Week – May 18th, 2020

Last week's economic news included readings on inflation, retail sales, and a speech by Federal Reserve Chair Jerome Powell. The University of Michigan released a preliminary reading of its Consumer Sentiment Survey; weekly readings on mortgage rates and initial jobless claims were also released.

By |2020-05-18T08:00:45-04:00May 18th, 2020|Financial Reports|Comments Off on What’s Ahead For Mortgage Rates This Week – May 18th, 2020
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