21
May
By
Financial Reports , ,

What’s Ahead For Mortgage Rates This Week – May 21st, 2018

Last week's economic releases included the National Association of Home Builders Housing Market Index for May, Commerce Department reports on housing starts and building permits issued. Weekly readings on mortgage rates and first-time jobless claims were also released. Home Builder Confidence Rises in May According to the National Association of Home Builders, home builders surveyed indicated higher confidence in housing market conditions for May. April's reading was downwardly revised to an index reading of 68; analysts expected a reading of 69.  May's home builder confidence reading was 70. Any reading over 50 indicates that more builders consider housing market conditions…
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08
Aug
By
Mortgage Rates ,

What’s Ahead For Mortgage Rates This Week – August 8, 2016

Last week's economic reports included construction spending, personal income, and multiple reports on employment. Freddie Mac's mortgage rates survey and new jobless claims were also released. Construction Spending Dips in June According to the Commerce Department, construction spending fell in June to -0.60 percent as compared to expectations of an increase of 0.50 percent and May's reading of -0.10 percent. Spending was even across public and private construction spending. The Commerce Department said that construction spending on June rose to $1.13 trillion was 0.30 percent year-over-year and was 6.20 percent higher for the first six months of 2016 as compared…
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18
Jul
By
Mortgage Rates , ,

What’s Ahead For Mortgage Rates This Week – July 18, 2016

Last week's economic news included reports on inflation, retail sales and weekly readings on mortgage rates and weekly jobless claims. Mortgage rates were mixed with average rate for a 30-year fixed rate mortgage rising by one basis point to 3.42 percent. The average rate for a 15-year mortgage dropped by two basis points to 2.72 percent, and the average rate for a 5/1 adjustable rate mortgage rose six basis points to 2.76 percent. Discount points averaged 0.50 percent for 30-year fixed rate mortgages and 5/1 adjustable rate mortgages and 0.40 percent for 15 year fixed rate mortgages. Freddie Mac said…
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